DBS India announced that it has been named ‘India’s Best International Bank’ by Asiamoney, a financial publication of Euromoney Institutional Investor Group.
Tag: Banking
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.
DBS named safest bank in Asia for 12th year running
DBS has been named the “Safest Bank in Asia” for the 12th consecutive year by New York-based trade publication Global Finance.
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.
DBS to pilot SingPass facial verification technology for signing up of banking services
DBS has partnered with the Government Technology Agency of Singapore (GovTech) to pilot the latter’s innovative SingPass Face Verification technology.