Total outstanding borrowings from banks/financial institutions are Rs 1,194 crore
The bank's services, including its payment app, were disrupted on Tuesday and Wednesday.
The disruption in its online services is the biggest faced by DBS in about a decade.
DBS said in a statement that EvolutionX will invest in opportunities arising from an increasingly digital economy - across sectors like financial services, consumer, healthcare, etc
Southeast Asia's biggest lender DBS Group Ltd and Singapore state investor Temasek Holdings said on Friday they would jointly launch a $500 million growth stage debt financing platform
Lender aims to reduce net NPA below 2%; Grow CASA to 40% level
Asset quality under pressure on LVB acquisition
DBS was ranked #1 out of 30 domestic and international banks in India
DBS is Southeast Asia's largest bank
DBS's Lakshmi Vilas acquisition was the first time the Reserve Bank of India turned to a foreign lender to bail out a local bank
The combined deposits of its Indian operations stood at SGD 9 billion and net advances were at SGD 5.6 billion at the end of December 2020
DBS's Tier 1 common equity capital is both robust at about 14% of risk-weighted assets, and not a lot lower from pre-pandemic levels
Currently petitions challenging the merger were filed in four different high courts in the country
The DBS Digital Exchange will use blockchain technology to provide a platform for fundraising through asset tokenisation and secondary trading of digital assets
Ad banner carrying DBS Bank's brand ambassador Sachin Tendulkar to spread awareness
The idea of a financial holding company first found favour in the Shyamala Gopinath-led working group's 2011 report and was later fleshed out by the PJ Nayak Committee
The BJP member also sought to put the LVB-DBS merger on hold in order to facilitate a forensic audit of the takeover of the assets of LVB by DBS.
In this podcast, Business Standard's T E Narasimhan explains the implication of the order. Tune in to know more
The court also asked DBIL to give an undertaking that the bank would give cash compensation to the shareholders of LVB if it was asked to do so.
The Madras High Court has refused to stay the merger of LVB with DBS Bank India.