Dbs Bank

DBS Bank To Enter India's Credit Card Market In 2020

Business | Thomson Reuters | Tuesday August 20, 2019

The latest data from May showed 48.9 million credit card users in the country, compared with some 825 million with debit cards.

Indian In Singapore Given "Stern Warning" For Posting Image Of Torn Flag

Indians Abroad | Press Trust of India | Wednesday October 24, 2018

An Indian in Singapore has been reprimanded by the police for posting on Facebook, an image of the country's torn flag to reveal the Indian flag underneath, a media report said Wednesday.

As Rupee Dives To Record Low, How RBI May Tackle Crisis

Business | Anirban Nag, Bloomberg | Wednesday September 12, 2018

Pressure is mounting on Reserve Bank of India to take stronger action to stem rupee's slide.

Indian-Origin DBS Employee Posted Image Of Torn Singapore Flag, Loses Job

Indians Abroad | Press Trust of India | Tuesday August 28, 2018

An Indian-origin employee of Singapore's DBS Bank has lost his job after he posted on Facebook an image of the country's torn flag to reveal the Indian flag underneath on the eve of India's Independence Day.

RBI Likely To Keep Key Rates Unchanged In Upcoming Policy Review, Says Report

Business | Press Trust of India | Monday January 15, 2018

DBS Bank in a report said firm inflation at a time when growth is showing early signs of a revival and fiscal slippage risks are on the rise, puts the central bank in a tight spot.

External Borrowings To Finance Infrastructure Push: Nitin Gadkari

India News | Press Trust of India | Tuesday August 23, 2016

In an agreement between Jawaharlal Nehru Port Trust, State Bank of India and Singapore's DBS bank, the government has approved External Commercial Borrowings of up to 400 million dollars for upgrading infrastructure. More significantly, this will pave the way for other major ports to ink similar agreements.

DBS Bullish On India, Plans 70 Branches If Given License

Business | Press Trust of India | Friday July 29, 2016

Singapore's DBS bank is bullish on India and plans to open 70 branches if it gets license to set up a subsidiary in the country, a top official of the bank said today.

DBS Bank Appoints Niraj Mittal As Institutional Banking Head

Business | Press Trust of India | Tuesday June 14, 2016

DBS Bank India has appointed Niraj Mittal as the Managing Director and Head of Institutional Banking for the country.

Paytm Not Interested To Join Rate War With Banks: Shinjini Kumar

Business | Press Trust of India | Thursday June 9, 2016

Financial technologies player PayTM on Wednesday ruled out joining the rate war in the savings account interest rate space when it launches its payments bank, instead it will focus on increasing revenue-accretive transactions.

DBS India Posts Rs 8.6 Crore Profit In FY16

Business | Press Trust of India | Monday June 6, 2016

Singaporean lender DBS Bank on Monday said it has returned to profitability in the country, posting a post tax net of Rs 8.6 crore for 2015-16 as against Rs 274.6 crore loss in the year-ago period.

DBS Sees Growth Opportunity In Bad Loans-Affected Indian Banking Sector

Business | Press Trust of India | Sunday May 1, 2016

Singaporean lender DBS Bank sees capital constraints in the bad assets-saddled Indian banking sector as an opportunity to grow in this strategically important market.

DBS Bank Asks Gammon India to Convert Loan into Equity

Business | Press Trust of India | Thursday March 24, 2016

In a separate filing, Gammon India said it is "evaluating proposals from potential investors for its Engineering Procurement and Construction business."

Emami Issues Rs 300-Crore Debentures to DBS Bank

Business | Press Trust of India | Monday February 22, 2016

Kolkata-based FMCG firm Emami has allotted debentures worth Rs 300 crore to DBS Bank on a private placement basis to retire its short-term debt.

DBS Books Q4 Profit Jump, Says to Keep Bad Debt Provisions in Check

Business | Thomson Reuters | Monday February 22, 2016

Singapore's DBS Group Holdings booked a 20 per cent jump in fourth-quarter profit and said it expected to keep bad debt charges in check this year despite headwinds from China and a rout in oil prices.

Rupee Could Weaken to 66.25/Dollar: DBS Bank

Business | NDTV | Sunday August 23, 2015

The rupee has fallen over 3 per cent since China on August 11 depreciated its yuan, sparking a fear of a currency war.