DBS India announced that it has been named ‘India’s Best International Bank’ by Asiamoney, a financial publication of Euromoney Institutional Investor Group.
Tag: Bank
Indian companies’ overseas investment fell 35% in February 2021, says RBI
According to banking data, India Inc’s overseas direct investment fell by 31% to USD 1.85 billion in February this year.
Singapore’s DBS Bank plans to scale down India branches over next 2-3 years
Singapore-based DBS Bank plans to scale down its network of 600 branches in India over the next two-three years following its recent merger with troubled private lender Lakshmi Vilas Bank (LVB), media reports stated.
Grab-Singtel consortium’s digital bank to provide transparent financial services to underserved groups
The Grab-Singtel consortium aims to formally launch its digital bank focusing on serving consumers and small businesses in early 2022.
Chennai-based Lakshmi Vilas Bank merges with DBS unit
Chennai-headquartered Lakshmi Vilas Bank (LVB) has been merged with DBS Bank India from November 27, 2020.
Non-bank financial institutions in Singapore can connect directly to PayNow and FAST from February 2021
NFIs that are licenced as major payment institutions under the Payment Services Act will be allowed to connect directly to FAST and PayNow from next February.
DBS launches online tracking for cross-border payments in Asia’s first
More than 240,000 DBS corporate and SME clients in Singapore and Hong Kong will be the first to benefit from the service at no additional fee.
Pramod Mittal, brother of UK steel tycoon Laxmi Mittal, claims losses of GBP 2.5 bn in bankruptcy
Industrialist Pramod Mittal, the younger brother of UK-based steel magnate Lakshmi Mittal, has claimed that he owes GBP 2.5 billion pounds. This would make him Britain’s biggest bankrupt.
DBS named world’s best bank for 3rd year running
For the third year running, DBS has been recognised as the World’s Best Bank by New York-based financial publication Global Finance at its World’s Best Global Banks 2020 Awards.
DBS reports 26% lower net profit for 2020H1, as general allowances of SGD 1.26 billion conservatively set aside
DBS Group reported a net profit of SGD 2.41 billion for the first half of 2020 – 26 per cent lower than a year ago.