Page 3 - Dbs Bank

As rupee continues to slide, RBI may be back to spot intervention

Reserve Bank of India's foreign-exchange reserves have fallen by about $30 billion since the end of May to $573 billion, according to its data

DBS Bank India acquires 9.9% in NBFC Svakarma Finance for undisclosed sum

DBS Bank India said the stake buy in Svakarma will help in delivering relevant financial solutions to the micro-enterprises through a combination of direct lending and co-lending

DBS reports lower Q1 profits; partners Indian startups to lift business

It was the second-best quarter in the bank's history and net profit was 30% higher compared with the previous quarter, and higher than the average estimate of SGD 1.63 billion from six analysts polled

Green fixed deposits: For interest of the environmentally conscious

They're at par with normal fixed deposits but not all banks offer these

DBS Bank India migrates to new IFSC and MICR codes of erstwhile LVB

Following the amalgamation with DBIL, the IFSC & MICR codes of all branches of erstwhile LVB have changed. While the new codes have been active since October 25, 2021, the older IFSC codes will remain valid until February 28, 2022, to ensure customers' convenience and ease of transition. Customers will be required to use the new DBS IFSC code from March 1, 2022, onwards to receive funds through NEFT/RTGS/IMPS.The change was communicated to customers through physical letters, emails, and SMS as well as at the branches. They were requested to share the new IFSC code with business partners, associates and vendors to update their records, recurring payments and receivables well in time. All existing cheques issued to the third party will have to be replaced with new cheques before February 28, 2022. Any cheque with old MICR codes presented after the aforementioned date will not be honoured.New cheque books (with new MICR code) have been available since 1st November 2021. Customers ..

DBS Bank profit rebounds in Q4, seen gaining as rates outlook improves

'Guidance for 2022 is in line with our current inputs but for the credit costs, and is likely to be the next driver of positive earnings revisions,' Guha said in a note

DBS to buy Citi's Taiwan retail business, take over 3,500 staff

DBS, Southeast Asia's biggest lender, said it will take over 3,500 staff in Citi's Taiwanese business

Reliance Power defaults on interest payment to IDBI and DBS banks

Total outstanding borrowings from banks/financial institutions are Rs 1,194 crore

DBS says banking services back to normal after 2-day outage, systems secure

The bank's services, including its payment app, were disrupted on Tuesday and Wednesday.

Singapore bank DBS says services disrupted for second consecutive day

The disruption in its online services is the biggest faced by DBS in about a decade.

DBS, Temasek set up $500 mn financing platform for growth stage firms

DBS said in a statement that EvolutionX will invest in opportunities arising from an increasingly digital economy - across sectors like financial services, consumer, healthcare, etc

Singapore's DBS and Temasek to set up $500 million debt financing platform

Southeast Asia's biggest lender DBS Group Ltd and Singapore state investor Temasek Holdings said on Friday they would jointly launch a $500 million growth stage debt financing platform

DBS Bank India eyes self-sufficiency in capital within next 3-5 yrs

Lender aims to reduce net NPA below 2%; Grow CASA to 40% level

DBS Bank India FY21 nearly triples to Rs 312 cr, revenue up 85%

Asset quality under pressure on LVB acquisition

DBS tops Forbes 'World's Best Banks' list in India for second year in a row

DBS was ranked #1 out of 30 domestic and international banks in India

DBS to buy 13% stake in privately-held Chinese lender for $814 million

DBS is Southeast Asia's largest bank

DBS faces lawsuits in India after takeover of Lakshmi Vilas Bank

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

Singapore-based DBS Bank plans to trim India branches in 2-3 years

The combined deposits of its Indian operations stood at SGD 9 billion and net advances were at SGD 5.6 billion at the end of December 2020

With worst behind, DBS gets ready for what comes next, normalcy or not

DBS's Tier 1 common equity capital is both robust at about 14% of risk-weighted assets, and not a lot lower from pre-pandemic levels

RBI, DBS Bank to ask SC to move cases on LVB-DBS merger to one location

Currently petitions challenging the merger were filed in four different high courts in the country