Page 4 - Dbs Bank

DBS faces potential culture clash as it takes over Lakshmi Vilas Bank

The plan will accelerate Singapore-based DBS's expansion ambitions in India and potentially transform it from a largely digital bank in the country to one with hundreds of branches

DBS Bank issues maiden green loans in India worth Rs 1,050 cr to CapitaLand

DBS Bank on Wednesday said it has issued its first two green loans in India totalling Rs 1,050 crore to CapitaLand.

Foreign investors pour $538 mn into Indian bonds in Sept, turn net buyers

The inflows in September "could be a sign of foreign capital returning" to India, said Duncan Tan, a strategist at DBS Bank

CLP Wind Farms raises Rs 300 cr through non-convertible debentures

The company said the move will help sustain the expansion of its renewable energy portfolio in alignment with the company's vision to invest in low-carbon footprint businesses

FinCEN files: Major Indian banks figure in suspicious transactions list

Banks say they themselves red-flagged the transactions to RBI, authorities

Indian economy on course for full-year contraction: DBS Bank economist

The government on Saturday said a phased exit would begin on June 1 from the over-two-months-long nationwide lockdown

Covid-19 rate cuts to tug most Asian bond yields even lower: Reuters poll

Stock markets have also plummeted amid fears the global lockdown to contain the virus has tipped the world economy into a recession from which it will take year to recover.

DBS Bank, Bharti AXA join hands for insurance plan covering Covid-19

The plan would cover all medical conditions, including Covid-19, and up to 10 days of hospitalisation, with a cover of Rs 5,000 per day, for a 30-day period

Coronavirus scare: DBS evacuates 300 workers after employee tests positive

The infected employee was tested on Tuesday and the bank was informed of the confirmation on Wednesday morning, the DBS bank said in a statement

DBS Bank India gathers steam with fresh brand campaign

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Top Headlines: India's economic growth to 'weaken', SC Maha verdict Tuesday

From DBS Bank on India's economic growth to Sena-NCP-Congress staking claim in Maharashtra, Business Standard brings you the top headlines of the day

India's economic growth to weaken in second half of FY20, says DBS Bank

New project announcements remain at a multi-year low, while production was depressed by weak consumer durables, non-durables, intermediate and capital goods, the bank pointed out.

DBS lowers India's FY20 GDP growth to 6.2%; expects another rate cut in Dec

Real GDP slowed to 5% year-on-year in 2Q (first quarter of FY20) from the first quarter's 5.8%, below DBS' sub-consensus and market expectations

Budget 2019: Fiscal goals to welfare, DBS lauds mix of continuity, change

Credit flow is likely to return to the NBFCs once the asset-liability mismatch has been tended too, with banks, meanwhile, likely to come back to the fore," said economist Rao at DBS group research

DBS Bank lays out India plans, to open 100 branches, kiosks in 12-18 months

The group has invested Rs 7,700 crore into India till date, of which Rs 1,800 crore was invested last year

DBS to convert its India operations into wholly-owned subsidiary from Mar 1

DBS, which was the first bank in India to launch digital-only operations as Digibank in 2016, has already received approval from the Reserve Bank of India for the wholly-owned subsidiary

DBS Bank's Indian arm to start in October, more branches to come up

The regulatory approval (Final) from Reserve Bank of India is expected in next few weeks

DBS Bank lowers India's FY18 GDP growth to 6.6% over GST roll-out

DBS Bank expects that Indian economy will recover in fiscal 2019 and achieve a growth rate of 7.2%

Approval for wholly-owned subsidiary still pending with FinMin, says DBS

As a WOS, DBS wants to primarily target the small businesses for its growth in the country

Rate cuts no panacea for loan growth: DBS

Loan growth are not encouraging, a modest shift in demand from the money market is likley