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First day of India strike witnesses rail blockades, scuffles; services hit

Bharat Bandh is a central trade unions to protest against government policies affecting workers, farmers, and people. In New Delhi, public...

India

Wall Street bank staff may lose their job if not vaccinated by January-end

Citigroup Inc will become the first Wall Street bank to enforce a strict COVID-19 vaccine mandate on its employees who are not yet...

Corporate

Rajneesh Karnatak appointed Executive Director of Union Bank of India

Union Bank of India has appointed a veteran banker from the Punjab National Bank (PNB), Rajneesh Karnatak to the position of Executive...

Corporate

Emirates NBD mulls plans for expansion in India

One of the major banking groups in the Middle East North Africa and Turkey (Menat) region, Emirates NBD, has announced its plans for further...

UAE

DBS tops list of World's Best Banks In India 2021

Sngapore's DBS has been named by Forbes in their list of World's Best Banks 2021 out of 30 domestic and international banks in India for the...

Corporate

Looking to drive economic growth through rising export potential, says Exim Bank MD David Rasquinha

Highlighting Mumbai-headquartered Export Import (Exim) Bank of India’s profit after tax (PAT) doubling in FY 2021, India Exim Bank MD and...

Corporate

DBS India recognised as 'India's Best International Bank 2021' by Asiamoney

DBS India announced that it has been named 'India's Best International Bank' by Asiamoney, a financial publication of Euromoney...

Corporate

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.

Global

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...

Global

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.

Corporate

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.

Corporate

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...

Corporate

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...

Corporate

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....

UK

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...

Singapore

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.

Corporate

OCBC customers can use SingPass for ibanking login in Singapore's first

OCBC’s 1.8 million digital customers in Singapore are now able to use SingPass Mobile app as an alternative login to access the full suite...

Singapore

Financial institutions should strengthen safe distancing measures: MAS

Financial Institutions in Singapore have been asked to actively encourage all customers to use electronic platforms (such as online or...

Covid-19

Asian Development Bank opens new office in Singapore

The new space signifies deepening efforts to collaborate on some of the most pressing development challenges facing Asia and the Pacific.

Singapore

DBS reports record SGD 6.39 billion profits for 2019

DBS fourth-quarter earnings increased 14 per cent to SGD 1.51 billion.

Singapore

SMEs in Singapore to focus on productivity in 2020: UOB survey

One of the ways SMEs are planning to achieve their productivity goals is to increase their investments in technology.

SMEs

Not mandatory for NRIs to link Aadhaar and PAN cards

NRI News: Indian diaspora in the UAE have been advised to ideally link their Aadhaar and Permanent Account Number (PAN) by the extended...

UAE

Maybank Kim Eng cuts 5 per cent of Singapore manpower

Maybank Kim Eng has reduced 5 per cent of its manpower in Singapore amid stiff competition from fintech firms, according to news reports.

Corporate

Singapore central bank to issue digital bank licences

The move extends digital bank licences to non-bank players.

Singapore

Indian bank manager charged for using fake signature to embezzle money in Dubai

The Court of First Instance in Dubai has charged a former Indian bank manager with embezzling more than AED120,000 from a customer’s...

UAE