Page 2 - Dbs Bank

DBS CEO Piyush Gupta's total pay declined 27% to $8.3 million in 2023

In 2022, Gupta received a salary of SGD 15.4 million

The Singapore banker who tried to be Gandalf is now running out of time

Trouble is, after more than 14 years leading DBS, the wizard of Asian banking is running out of time: Succession is on the horizon

DBS cuts CEO Piyush Gupta's pay by $3 million on digital banking outage

DBS shares rose as much as 2.8%, the most in six weeks, out-pacing the city-state benchmark stock index

DBS Bank collaborates with StartupTN to support 1,000 early-stage firms

DBS Bank India, the subsidiary of financial services group DBS Singapore, on Thursday said it has partnered with the Tamil Nadu government backed StartupTN to foster entrepreneurship in the state. As per the collaboration between the two entities, the partnership would focus on early-stage startups in Tier II and III towns. It aims to strengthen the ecosystem and provide crucial support to startups, including knowledge sharing and facilitating connections with potential investors, a press release from DBS Bank India said on Thursday. StartupTN, which supports over 7,400 startups registered with the Department for Promotion of Industry and Internal Trade across 30 sectors, aims to nurture a vibrant startup ecosystem in Tamil Nadu resulting in innovation and entrepreneurship-driven employment and economic growth. The partnership between DBS Bank India and StartupTN also addresses the need to provide customised solutions to help startups navigate specific challenges during their early

India extends UPI services to France, first in Europe after Singapore

The National Payments Corporation of India (NPCI) has set up connectivity with Lyra in France

DBS Bank India appoints Rajat Verma as MD, Head of Institutional Banking

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

DBS Bank to enter affordable home loan segment by end of this fiscal

DBS Bank India on Tuesday said it will enter the affordable home loan segment by the end of this financial year as the lender looks to expand the retail portfolio. The bank is looking to launch the product during the fourth quarter, DBS Bank India Executive Director (Head-National Distribution) Bharath Mani said here. "We are targeting mostly customers in Tier II and Tier III cities for this product," he said, adding that the bank will launch proprietary credit cards by June. The proposed credit card would be targeted at affluent and super affluent segments, he said. Currently, the bank has a co-branded credit card with Bajaj Finserv and a customer base of 2,00,000. Meanwhile, DBS Bank India has announced a partnership with IndiaFilings, a leading platform for startups and small businesses in India. The partnership will enable the bank to provide end-to-end financial services support to new companies and startups through a co-branded portal. In a statement, the bank said the ..

DBS Bank India offers Morningstar-curated investments on risk preference

The feature called 'digiportfolio' uses tech and human expertise to customise investment options for different investors

Are the ultra-rich ready for Singapore after Credit Suisse's collapse?

If it looks like the US is halting its monetary-tightening campaign because disinflation is on the horizon, risk sentiment may start improving

No contagion seen on Indian bonds, forex from SVB collapse: DBS Bank

"The dollar index is not stretching as the typical risk-off scenario. Unless commercial activity drops across the world, which does not seem to be the case, we may not see any major impact"

DBS CEO Piyush Gupta's total pay for 2022 rises by 13% to $11.4 million

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

DBS says not concerned about exposure to Adani group amid Hindenburg rout

DBS Group has a tightly managed exposure to India's troubled Adani group of companies, the CEO of Southeast Asia's largest bank said on Monday

Budget to be fiscally prudent without losing growth focus: DBS economist

DBS Bank expects the government to target a fiscal deficit of 5.8-5.9% of gross domestic product (GDP) in 2023/24 as against the 6.4% outlined for this financial year ending on March 31

Post-LVB integration, DBS aiming to treble growth in 5 years: MD & CEO

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

DBS Bank India seeks three-fold jump in gold loan portfolio in 5 yrs: Exec

Lender's amalgamation with Lakshmi Vilas Bank expanded its reach in South India

Banks in talks with Singapore's DBS to begin real-time remittance system

At least five Indian banks, including the State Bank of India and ICICI Bank, are in discussions with Singapore's DBS Bank to start a real-time remittance system using UPI as the backbone

India's robust growth gives RBI room for more rate hikes, says DBS Group

India's strong growth offers room for the Reserve Bank of India to raise rates by another 60 basis points as the central bank seeks to stamp out high inflation, said DBS Group Research

DBS Group bullish on India, to grow through 'phygital' model, says CEO

DBS Group is bullish about business opportunities in India and has employed a phygital strategy, offering best-in-class digital capabilities to customers supported by a strong physical network

DBS Bank India reports profit after tax of Rs 167 crore in 2021-22

The bank, which is a wholly-owned subsidiary of DBS Bank, acknowledged the lagged effects of its amalgamation with Lakshmi Vilas Bank on its net profit

Adani raises $5.25 bn from global banks to fund acquisition of Ambuja, ACC

The Adani family is acquiring Ambuja and ACC with a capacity of 70 mtpa at a total cost of $10.5 billion, including the open offers to be made to the minority shareholders of the companies