News

Keppel and DBS Bank sign MOU to scale up sustainable urban development and digitalisation solutions in Asia Keppel and DBS Bank (DBS) today announced that they have signed a memorandum of understanding to jointly scale up sustainable urbanisation and digitalisation solutions in Asia, with a focus on India given DBS’ increasing presence in one of the world’s fastest growing economies. The collaboration aims to accelerate the adoption of energy optimisation and sustainable solutions across energy intensive segments including healthcare, hospitality, as well as commercial and industrial re...
Keppel and DBS Bank sign MOU to scale up sustainable urban development and digitalisation solutions in Asia
Keppel and DBS Bank sign MOU to scale up sustainable urban development and digitalisation solutions in Asia
Source: PR Agency
5/09/2023 3:56:06 PM
Indian Government bond yield curve to steepen over medium term - DBS Bank`s Ashhish Vaidya India's flat government bond yield curve will steepen over the medium term as elevated inflation falls back within the central bank's comfort zone in a few months and prompts short-end debt purchase, the treasury head of DBS Bank India said on Friday. Separately, the benchmark 10-year bond yield, which is near its peak, is unlikely to sustain a breach of the crucial 7.25% mark in the near term, said Ashhish Vaidya, managing director and head of treasury and markets. "The be...
Indian Government bond yield curve to steepen over medium term - DBS Bank`s Ashhish Vaidya
Indian Government bond yield curve to steepen over medium term - DBS Bank`s Ashhish Vaidya
Source: Reuters
18/08/2023 12:59:41 PM
DBS commits UP to SGD 1 billion over next 10 Years to step UP support for vulnarable communities and catalyse Social Impact DBS today announced it will commit up to SGD 1 billion over the next 10 years to improve the lives and livelihoods of the low-income and underserved and foster a more inclusive society. The bank will deploy SGD 100 million each year in Singapore and its other key markets with effect from 2024. This commitment augments existing community initiatives by the bank and the DBS Foundation.   The funds will primarily go towards programmes that aim to support the more vulnerable ...
DBS commits UP to SGD 1 billion over next 10 Years to step UP support for vulnarable communities and catalyse Social Impact
DBS commits UP to SGD 1 billion over next 10 Years to step UP support for vulnarable communities and catalyse Social Impact
Source: PR Agency
14/08/2023 2:38:01 PM
India rate panel to dial up hawkishness even as it holds policy steady India's monetary policy committee (MPC) is expected to maintain key rates when it meets on Thursday, but will adopt a far more hawkish tone as the recent rise in food prices risks becoming entrenched, economists and market participants said. A July 13-31 Reuters poll of 75 economists showed the central bank was expected to keep its repo rate unchanged at 6.50% at its Aug. 10 policy meeting. Food price spikes in India, typical at the onset of the monsoon, drove up headline inflation ...
India rate panel to dial up hawkishness even as it holds policy steady
India rate panel to dial up hawkishness even as it holds policy steady
Source: Reuters
8/08/2023 9:21:14 AM
India's Adani Energy Solutions gets financial closure for $1 billion project India's Adani Energy Solutions has achieved financial closure for a $1 billion project to supply renewable power to India's financial capital Mumbai, according to a statement viewed by Reuters. The banking consortium is comprised of DBS Bank, Intesa Sanpaolo, Mizuho Bank, MUFG Bank, Siemens Bank GmbH, Société Générale, Standard Chartered, Sumitomo Mitsui Banking and Hong Kong Mortgage Corp.
India's Adani Energy Solutions gets financial closure for $1 billion project
India's Adani Energy Solutions gets financial closure for $1 billion project
Source: Accord Fintech
7/08/2023 12:34:39 PM
DBS Bank India reports strong profit and balance sheet growth for FY22-23 DBS Bank India Limited, the wholly owned subsidiary of DBS Bank Ltd., announced its financial results for the fiscal year ending March 31, 2023. The bank reported a net profit of INR 228 Cr for FY22-23, representing a 37% growth compared to FY21-22's net profit of INR 167 Cr. Business momentum continued to be healthy, with overall deposit growth of 25% and a 10% increase in customer assets* Y-o-Y. Net revenue grew by 16% for the year, driven by strong retail and corporate banking performa...
DBS Bank India reports strong profit and balance sheet growth for FY22-23
DBS Bank India reports strong profit and balance sheet growth for FY22-23
Source: PR Agency
21/06/2023 3:50:45 PM
DBS Bank India launches its first, invite-only credit card for premium consumers Mumbai: DBS Bank India, a leading financial institution awarded the world’s best digital bank* announced the launch of the highly anticipated DBS Vantage card, an invite-only, super premium credit card that sets new standards for exclusivity and personalised experiences. This card will initially be offered to a select invitee list and provides benefits that include a host of luxury and lifestyle rewards. The "DBS Vantage Card" is the first of the several meticulously desi...
DBS Bank India launches its first, invite-only credit card for premium consumers
DBS Bank India launches its first, invite-only credit card for premium consumers
Source: PR Agency
31/05/2023 6:22:47 PM
India`s Adani aims to raise up to $800 million for green energy projects -Bloomberg News  India's Adani Group is looking to raise up to $800 million for new green energy projects and is in talks with global banks, Bloomberg News reported on Thursday, citing people familiar with the matter. The size of the fundraise could range from about $700 million to some $800 million, the report said, adding that the plan and size were not finalized. This could be billionaire Gautam Adani-led conglomerate's biggest borrowing since a short-seller report sparked a share rout ...
India`s Adani aims to raise up to $800 million for green energy projects -Bloomberg News
India`s Adani aims to raise up to $800 million for green energy projects -Bloomberg News
Source: Reuters
27/04/2023 12:55:46 PM
India's financial sector is robust & well-governed, assure senior leaders & industry captains The Adani Group is a portfolio of businesses with strong fundamentals and robust assets. Over the years, it has consistently reported excellent financial and operational performance. Senior leaders and captains of the industry have come forward to assure the country that India's financial sector is robust and well-governed. They have cautioned investors against believing those who question India's ability to govern itself. Finance Minister Nirmala Sitharaman has described India ...
India's financial sector is robust & well-governed, assure senior leaders & industry captains
India's financial sector is robust & well-governed, assure senior leaders & industry captains
Source: IANS
28/02/2023 6:11:39 PM
Indian rupee to outperform Asian peers amid uncertain Fed rate path Improving macroeconomic fundamentals have made the Indian rupee more resilient, but the central bank's 'hands-on' approach amid periods of volatility will also ensure the rupee outperforms its Asian peers going ahead, strategists and analysts said. The rupee has dropped 1% versus the U.S. dollar so far in February, as uncertainty over the future trajectory of the Federal Reserve's rate hikes rocked markets globally, but its losses have been lower than most other Asian curre...
Indian rupee to outperform Asian peers amid uncertain Fed rate path
Indian rupee to outperform Asian peers amid uncertain Fed rate path
Source: Reuters
24/02/2023 1:43:09 PM
DBS Bank India partners with eSamudaay to propel local commerce in small towns through ONDC Collaboration with eSamudaay will help micro, small and medium enterprises digitalise in underserved markets through a decentralised model DBS Bank India reimagines SME banking by leveraging data to offer bespoke credit and cash management solutions to aid business growth In line with its vision to support Indian MSMEs, DBS Bank India announced its partnership with eSamudaay today. eSamudaay (a SAAS-based solutions provider, owned and operated by Nirmund Digital Distributions Private Li...
DBS Bank India partners with eSamudaay to propel local commerce in small towns through ONDC
DBS Bank India partners with eSamudaay to propel local commerce in small towns through ONDC
Source: PR Agency
22/02/2023 2:17:52 PM
Axis Bank enables settlement of cross border transaction in real-time through the UPI network * Providing a real-time and cost-effective cross-border payment solution between India and Singapore * Axis Bank will currently settle transactions to beneficiaries holding an account with or are registered on the UPI App of SBI, IOB, Indian Bank, ICICI, DBS, and Axis Bank   Axis Bank, India’s third largest private sector bank, has successfully enabled cross-border transactions in real-time via the UPI Network. This initiative is a part of the joint initiative between the ...
Axis Bank enables settlement of cross border transaction in real-time through the UPI network
Axis Bank enables settlement of cross border transaction in real-time through the UPI network
Source: PR Agency
22/02/2023 12:03:12 PM
India budget to be fiscally prudent without losing growth focus -DBS chief economist  The Indian government will target reducing its budget deficit ahead of the upcoming national election in 2024 without losing focus on long-term economic growth, DBS Bank's chief economist told Reuters on Monday. "We expect the budget to chart a path towards some fiscal consolidation," said Taimur Baig, who is also a managing director at DBS. "Demand moderation is a sensible strategy to pursue, even as the seeds for long-term growth are sown through infrastructur...
India budget to be fiscally prudent without losing growth focus -DBS chief economist
India budget to be fiscally prudent without losing growth focus -DBS chief economist
Source: Reuters
9/01/2023 2:03:08 PM
Amazon secures $8 bn loan to safeguard against economic headwinds  E-commerce giant Amazon has secured $8 billion in Term Loan from DBS Bank, Mizuho Bank and others, that will be used for "general corporate purposes". In a filing with the US Securities and Exchange Commission (SEC), the company said that the loan will mature in 364 days (January 3, 2024), with an option to extend for another 364 days. "Upon funding, proceeds of the Term Loan will be used for general corporate purposes," it said in the filing. "Upon an ...
Amazon secures $8 bn loan to safeguard against economic headwinds
Amazon secures $8 bn loan to safeguard against economic headwinds
Source: IANS
4/01/2023 2:28:31 PM
With LVB integrated fully, DBS Bank India focuses on gold loan & MSMEs Growing gold/MSME loan business, launching proprietary credit card and increasing bancassurance tie ups are some of the focus areas of DBS Bank India Ltd, said a senior official. He also said the integration of Lakshmi Vilas Bank (LVB) with DBS Bank is almost over. The technology integration will be completed soon and the whole bank will work on a single solution. "We plan to grow our gold loan business to Rs 15,000 crore in five years' time. Currently, it is about Rs 4,500 cro...
With LVB integrated fully, DBS Bank India focuses on gold loan & MSMEs
With LVB integrated fully, DBS Bank India focuses on gold loan & MSMEs
Source: IANS
3/11/2022 2:52:08 PM
India`s August consumer inflation accelerates to 7% y/y India's annual retail inflation accelerated to 7% in August, snapping a three-month downward trend, driven by a rise in food prices, government data showed on Monday. Analysts in a Reuters poll had predicted annual inflation of 6.9% in August, compared with 6.71% the previous month. COMMENTARY KUNAL KUNDU, INDIA ECONOMIST, SOCIETE GENERALE, BENGALURU "Another inflation print of 7% bang in line with our expectation confirms our belief that price pressure is not going to go...
India`s August consumer inflation accelerates to 7% y/y
India`s August consumer inflation accelerates to 7% y/y
Source: Reuters
12/09/2022 6:14:47 PM
INSTANT VIEW 2 - India's economy grows 13.5% y/y in April-June qtr BENGALURU -India's economy grew 13.5% year-on-year in the April-June quarter, the fastest pace in a year, official data on Wednesday showed amid fears of growth sharply slowing this quarter and the next two as higher interest rates hit activity. Economists in a Reuters poll had forecast gross domestic product in Asia's third-largest economy would grow 15.2% year-on-year in the April-June quarter, compared with 4.1% in the previous quarter. COMMENTARY KUNAL KUNDU, INDIA E...
INSTANT VIEW 2 - India's economy grows 13.5% y/y in April-June qtr
INSTANT VIEW 2 - India's economy grows 13.5% y/y in April-June qtr
Source: Reuters
31/08/2022 6:56:00 PM
Shree Renuka Sugars trades higher on obtaining five-year transition finance facility from DBS Bank Shree Renuka Sugars is currently trading at Rs. 45.20, up by 0.60 points or 1.35% from its previous closing of Rs. 44.60 on the BSE. The scrip opened at Rs. 43.50 and has touched a high and low of Rs. 45.35 and Rs. 43.00 respectively. So far 659450 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 63.25 on 25-Apr-2022 and a 52 week low of Rs. 13.75 on 14-May-2021. Last one week high and low of the scrip stood at R...
Shree Renuka Sugars trades higher on obtaining five-year transition finance facility from DBS Bank
Shree Renuka Sugars trades higher on obtaining five-year transition finance facility from DBS Bank
Source: Accord Fintech
12/05/2022 10:50:36 AM
DBS India grows profitability despite Lakshmi Vilas Bank amalgamation impact  DBS Bank India Ltd (DBIL), the wholly-owned subsidiary of DBS Bank, on Thursday announced its net profit for the fiscal ending March 31, 2021 has risen to Rs 312 crore from Rs 111 crore in FY20. In FY21, the bank's net revenues grew by 85 per cent to Rs 2,673 crore (including Rs 134 crore from the Lakshmi Vilas Bank (LVB). The results also include the LVB's performance since November 20, 2020, the date when it amalgamated with the DBIL. The bank's profit before tax ...
DBS India grows profitability despite Lakshmi Vilas Bank amalgamation impact
DBS India grows profitability despite Lakshmi Vilas Bank amalgamation impact
Source: IANS
8/07/2021 4:58:10 PM