The Singapore-based bank said the agreement focuses on enhancing trade settlement, financing, and regional currency-clearing solutions, providing businesses in both regions with more efficient financial services.
Tag: DBS
Women’s Day 2025: ‘Women and Finance’ survey in India shows 90% of female rural entrepreneurs are diligent savers
The survey, conducted by Haqdarshak and DBS Bank India, has revealed that 100 per cent of respondents in Madhya Pradesh; 95 per cent in Maharashtra; and 73 per cent in Rajasthan set aside a portion of their income as savings.
Artificial Intelligence to eliminate 4,000 jobs worldwide at DBS Bank over 3 years, even as Singapore braces for 2025 layoffs
Even as companies replace human employees with Artificial Intelligence, validating fears of “AI will take our jobs”, new jobs are being created in the field of Artificial Intelligence itself.
A BBC report on DBS said: “The bank’s outgoing chief executive Piyush Gupta also said it expected to create around 1,000 new AI-related jobs.”
DBS Group announces SGD 3 billion share buyback programme, after posting record net profit in Q3 2024
With less than five months left before the leadership transition at DBS, the group notched up a major achievement, as its third-quarter 2024 net profit crossed SGD 3 billion for the first time — the Q3 net profit rose 15 per cent from a year ago and 8 per cent from the previous quarter to reach SGD 3.03 billion.
Singpass abuse by scammers: Panel wants minimum of 6 months’ jail term for people who hand over credentials
It has come to light in recent months that many, many people in Singapore have been letting scammers use their Singpass or banking credentials to prey on victims. Huge amounts of money have been lost as a result.
DBS Bank leadership transition: Piyush Gupta to be succeeded by Tan Su Shan as CEO in March 2025
When Tan becomes CEO, the DBS Group will have its first ever female chief executive. Her past roles have been at Morgan Stanley and Citigroup.
DBS CEO Piyush Gupta says Trump is a dealmaker, and that could help China
The DBS CEO made the statement during an interview at the Reuters NEXT forum in Singapore on Tuesday.
3 arrested and SGD 1.28 million seized in joint anti-scam ops by Singapore Police and DBS
These developments came after weeklong operations against corporate money mules.
Singapore man faces 7 years in prison for making 30 bomb hoax calls to DBS Bank
The Singapore Police Force arrested the man within hours of getting a complaint from DBS; the accused is being charged in court.
Piyush Gupta: DBS CEO sells bank shares worth SGD 2.67 million
The transaction was made on May 3, just a day after DBS Group announced a rise in its net profit in the first quarter of 2024.
