Page 6 - Dbs Bank

DBS lowers India's FY20 GDP growth to 6.2%; expects another rate cut in Dec

Real GDP slowed to 5% year-on-year in 2Q (first quarter of FY20) from the first quarter's 5.8%, below DBS' sub-consensus and market expectations

Budget 2019: Fiscal goals to welfare, DBS lauds mix of continuity, change

Credit flow is likely to return to the NBFCs once the asset-liability mismatch has been tended too, with banks, meanwhile, likely to come back to the fore," said economist Rao at DBS group research

DBS Bank lays out India plans, to open 100 branches, kiosks in 12-18 months

The group has invested Rs 7,700 crore into India till date, of which Rs 1,800 crore was invested last year

DBS to convert its India operations into wholly-owned subsidiary from Mar 1

DBS, which was the first bank in India to launch digital-only operations as Digibank in 2016, has already received approval from the Reserve Bank of India for the wholly-owned subsidiary

DBS Bank's Indian arm to start in October, more branches to come up

The regulatory approval (Final) from Reserve Bank of India is expected in next few weeks

DBS Bank lowers India's FY18 GDP growth to 6.6% over GST roll-out

DBS Bank expects that Indian economy will recover in fiscal 2019 and achieve a growth rate of 7.2%

Approval for wholly-owned subsidiary still pending with FinMin, says DBS

As a WOS, DBS wants to primarily target the small businesses for its growth in the country

Rate cuts no panacea for loan growth: DBS

Loan growth are not encouraging, a modest shift in demand from the money market is likley

DBS Bank eyes Indian SME sector

Hopes to increase its SME customer base by 30-40% in the current year

Singapore's DBS extends Asia pvt banking push with ANZ assets purchase

DBS and Oversea-Chinese Banking Corp have been aggressively bidding for the Western private banking assets for sale in Asia

DCB Bank launches mobile payment service for retail outlets

mVisa is a card less mobile payment solution that offers customers the convenience of doing digital payments at retail outlets

DBS bullish on India, plans 70 branches if given license

DBS Group chief executive officer said If given license, the bank can do well with SMEs and transaction banking

DBS Bank to start innovation lab

Bank to hire over 2,000 engineers in India over next 28 months

DBS Bank posts net profit of Rs 8.6 crore in FY16

In FY16, the bank recorded a 22%growth in assets to while deposits base increased 35%

DBS India returns to black, posts Rs 8.6 cr profit for FY16

Fall in other provisions was due to heavy reduction in money set aside to cover for write-offs to Rs 125.22 crore from Rs 436.66 crore in year-ago period

DBS Singapore denies expansion reports; will not relocate 1,500 jobs to India

The bank responded to reports on a local news website claiming the bank setting up tech hub in Hyderabad

DBS Bank to set up new technology hub in Hyderabad

Biggest offshore tech centre outside its headquarters

DBS Bank launches mobile-only bank

Aims to woo mass-market retail customers; still awaiting nod from RBI on converting to wholly-owned subsidiary