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Latest Articles in dbs bank

India Current Account Swings To Surplus In June Quarter

The current account surplus stood at $6.5 billion or 0.9% of GDP compared to $19.1 billion in the same quarter a year ago, which was a record high.

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Post LVB Merger, DBS Bank India Reports Higher Net Profit For FY21; Npas Zoom

The gross non-performing assets of the combined entity shot up to 12.93 per cent, with a bulk of the strain coming from the erstwhile LVB's portfolio.

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“Meet New People Often”

The ecosystem evolution, that now includes agencies, content creators, influencers, plat- forms and more, along with the advent of digital, has made it an imperative for a marketer to understand, adopt and partner with varied partners, tech tools and processes.

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DBS Bank Says Its System Not Compromised, Leaked Messages Don't Have Sensitive Info

Hackers have allegedly compromised servers of enterprise communications firm Route Mobile, even as the company claimed that data of its customers is safe and its cybersecurity team is investigating the matter.

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RBI's Liquidity-Withdrawal Plan May Pose Risk To Government Borrowing

The RBI has repeatedly said it will ensure ample liquidity in the banking system for lending to productive sectors, and to ensure the government's borrowing programme goes through smoothly, which will require keeping yields in check.

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Singapore Bank DBS To Launch Digital Exchange For Institutional Investors

The DBS Digital Exchange will use blockchain technology to provide a platform for fundraising through asset tokenisation and secondary trading of digital assets

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RBI Seen Holding Rates; Liquidity Stance Watched

nflation has remained consistently above the upper end of RBI's mandated 2%-6% target range every month barring March this year while core inflation has also remained sticky.

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Singapore's DBS Says Has Completed Takeover Of Lakshmi Vilas Bank

Southeast Asia's largest lender, which will pump in 25 billion rupees ($338 million) into its India unit, until recently had just over 30 branches in India but has now added more than 550 and 900-plus ATMs.

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Govt Approves Merger Of Lakshmi Vilas Bank With DBS Bank

The Union Cabinet has approved the merger of the LVB with DBS Bank India Limited, Union Minister Prakash Javadekar told reporters, adding the decision will provide comfort to 20 lakh depositors and protect the services of 4,000 employees.

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Old Bottle. New Whine.

The Reserve Bank of India (RBI) announced few days ago that LVB would remain under moratorium till Dec 16th 2020 and mooted the concept of amalgamation of LVB with DBS Bank (India), it took the market (and potentially punters) by surprise.

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What Singapore analysts say about DBS takeover of Lakshmi Vilas Bank

What Singapore analysts say about DBS takeover of Lakshmi Vilas Bank

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DBS Faces Potential Culture Clash As It Scoops Up Distressed 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.

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India To Fold Lakshmi Vilas Into Local Arm Of Singapore's DBS

Lakshmi Vilas has been looking for a buyer since last year and the RBI last year rejected a proposal for it to merge with shadow lender Indiabulls Housing Finance

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India's October CPI Likely Above 7% Again, Industrial Output Falls

"India's recent inflation trajectory is driven by a confluence of seasonal supply-side drivers lifting the food segment, magnified by COVID-19-led disruptions, hindering inter-state transfer as well as provision of general services," said Radhika Rao, economist at DBS Bank.

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Singapore Banks' Third-Quarter Profits Skid But Beat Market Estimates

DBS, Southeast Asia's biggest lender, posted a 20% fall in net profit to S$1.30 billion ($951 million) from S$1.63 billion a year earlier.

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