DBS

Tata Realty and Infrastructure Ltd has taken a Rs 1,280 crore loan from DBS Bank India for a sustainable commercial project in Gurugram, a statement said. DBS Bank India acted as the sole advisor and green loan coordinator for this transaction. A green loan financing intends to fund or refinance projects that provide environmental benefits. The loan facility has been availed by Tata Realty's special purpose vehicle (SPV), which has developed commercial project 'Intellion Park' in Gurugram. This Grade A office campus has 2.1 million sq ft office spaces. The funds are being deployed towards certified green assets that meet globally recognised sustainability benchmarks. Santanu Mitra, Head of Large Corporate Banking, DBS Bank India, said, "Real estate and infrastructure is a key focus for DBS Bank India, and we have supported several innovative, sustainable projects being developed across the country." Sanjay Dutt, CEO of Tata Realty & Infrastructure Ltd said the loan facility ...

Gupta received a cash bonus of S$6.6 million, which took his pay package to S$17.6 million ($13.2 million), from S$11.2 million a year ago when he took a pay cut due to digital banking glitches

DBS's net interest margin, a key profitability gauge, rose to 2.15 per cent during the quarter from 2.13 per cent a year earlier

DBS Group Holdings Ltd. may want to purchase 29 per cent of Alliance Bank Malaysia Bhd., one of the country's smallest publicly traded banks, from its top investor

DBS' results rounded up a strong second-quarter earnings season for Singapore banks, as more inflows and trading by wealthy clients ahead of anticipated rate cuts boost their wealth businesses

Reliance Power has become a debt-free company on a standalone basis clearing all outstanding dues to lenders, sources said. The company had a debt of around Rs 800 crore, which has been repaid to banks, they said. Between December 2023 and March 2024, Reliance Power signed multiple debt settlement agreements with various banks, including IDBI Bank, ICICI Bank, Axis Bank and DBS. The company has now repaid the entire debt to these banks, sources said. As a result of that, Reliance Power, on a standalone basis, has become a debt free company. In December 2023, Reliance power sold the development rights of its proposed 1,200 megawatt hydro-electric project in Arunachal Pradesh to THDC for Rs 128 crore. In March 2024, the company sold its 45 MW wind energy project in Vashpet, Maharashtra to JSW Renewable Energy for a consideration of Rs 132 crore. Proceeds from the sale of these projects were used to retire debt. With participation of over 38 lakh retail investors, Reliance Power has

Citing robust business momentum as loans grew and both fee income and treasury customer sales reached new highs, net profit jumped 15 per cent from the same period a year earlier to S$2.96 billion

DBS Group Chief Executive Piyush Gupta said current widespread pessimism about China's economy was not "overdone" but he was upbeat about India

Rajat Verma will be taking over from Niraj Mittal, who will take charge as the country head of DBS Bank in Australia

The Reserve Bank is likely to hike benchmark lending rates by 25 basis points in its bi-monthly policy next month to bring down inflation within the central bank's comfort zone, DBS Group Research said on Monday. To contain the rising prices, the RBI has hiked interest rates by 250 basis points since May last year. The latest rate hike of 25 basis points in February took the benchmark policy rate to 6.50 per cent. In an online session on 'Growth resilience and sticky inflation', DBS Group Research Executive Director & Senior Economist Radhika Rao said the RBI may hike interest rates by 25 basis points in April and maintain a hawkish bias as retail inflation is still high. Retail inflation in January spiked to 6.52 per cent against 5.72 per cent in December last year. Rao, however, said inflation caused by supply-side constraints cannot be dealt with by monetary policy alone and is not enough to tackle inflation. "Weather conditions are important for farm output. The local weather .

Gupta received a cash bonus of about S$5.8 million ($4.3 million) and a salary remuneration of S$1.5 million that contributed to an overall compensation of S$15.4 million for 2022

Surojit Shome, MD and CEO of DBS Bank India, said having crossed the Rs one trillion business (deposit and loans) mark in September, the bank is looking to grow 3x in five years

Currencies across the region jumped Thursday, following their developing-nation peers in the Americas and Europe, after the US data published Wednesday led to a slump in the dollar

The issues stemmed from the bank's access control servers, resulting in customers' inability to log in to the services

Friday's result rounded out a robust quarter for Singapore banks

In a bid to proactively adapt the new risk-free benchmarks on existing loans and derivatives, DBS Bank India has announced the first active transitioning of an existing loan and derivative to new reference rates.This is a key milestone for DBS and marks the bank's first active transition process in India - an integral part of the benchmark transition plan of the bank to ensure seamless adoption of new Alternative Reference Rates (ARR) as Interbank Offered Rates (IBORs) are phased out.DBS has successfully transitioned some of the existing loan and derivative contracts with two companies - Power Finance Corporation Ltd & REC Limited - to the new reference rates. Existing contracts were benchmarked to Swap Offer Rate (SOR) [a legacy SGD floating benchmarked IBOR], and post this transition, all loans and derivatives have now moved to Singapore Overnight Rate Average (SORA), the new risk-free rate.Speaking on the development, Ashhish Vaidya, Managing Director & Head of Markets,

Asset quality under pressure on LVB acquisition

DBS CEO Piyush Gupta had said that he is interested in the U.S. bank's assets that are for sale in India, as well as in China, Taiwan and Indonesia.

DBS's Lakshmi Vilas acquisition was the first time the Reserve Bank of India turned to a foreign lender to bail out a local bank

A plea in the Delhi High Court has challenged the scheme of amalgamation of Lakshmi Vilas Bank with Development Bank of Singapore (DBS), contending that its shareholders have been "left in the lurch"