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Singapore's Biggest Bank Cuts CEO's Pay By Millions on Digital Banking Outage
DBS Group Holdings Limited's fourth-quarter profit came in short of analyst expectations amid signs of pressure on margins. And while 2023 results hit a record, Chief Executive Officer Piyush Gupta's compensation got hit due to digital disruptions
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Indian-Origin Singapore Man Jailed For Obtaining Colleagues' Salary Info
A 35-year-old Indian origin officer with Singapore's Ministry of Manpower was jailed for five weeks on Thursday for having asked an ex-colleague from DBS Bank to access the salary information of his colleagues
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Robust Growth Gives RBI Room For More Rate Hikes: Report
The strong growth offers room for the Reserve Bank of India to raise rates by another 60 basis points as the central bank seeks to stamp out high inflation, DBS Group Research said in a note on Thursday.
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LPG Cylinder Price, Banking Rules: Big Changes In March
The final month of the current financial year has started. On the first day of March, several changes have come into effect which will affect the day-to-day lives of people. Among the important changes is revision in the price of commercial LPG cylinders.
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DBS, StanChart Weigh Bids As Citi Retreats From Asia Consumer Business: Report
The businesses Citi is exiting had $82 billion in assets and were allocated $7 billion in tangible common equity last year.
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Delhi High Court Wants DBS Revert On Religare Finvest Plea To Make Bank Party in Suit Against LVB
Religare Finvest has a 2018 pending suit against LVB alleging misappropriation of its Fixed Deposits of Rs 750 crore
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Lakshmi Vilas Bank To Write Off Rs 318 Crore Debt Ahead Of DBS Merger
The Reserve Bank of India, which orchestrated the rescue, "has advised the need to fully write down" the tier-2 debt, Lakshmi Vilas Bank said in an exchange filing Thursday.
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Latest Updates On Lakshmi Vilas Bank Merger: 10 Things To Know
This week, the government approved the merger of crisis-hit Lakshmi Vilas Bank into DBS Bank India, a unit of Southeast Asia's largest lender, DBS. Lakshmi Vilas Bank (LVB) will now operate as DBS Bank India, with restrictions on withdrawals from its customers' accounts now lifted. The development comes days after withdrawals from Lakshmi Vilas Ban...
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Stocks To Watch In Trade Today: Lakshmi Vilas Bank, Laurus Labs
Lakshmi Vilas Bank shares will be in focus after the government, on Wednesday, approved the merger of Lakshmi Vilas Bank with DBS Bank India
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Trading In Lakshmi Vilas Bank Shares To Be Suspended From Thursday
Reserve Bank has said the amalgamation of Lakshmi Vilas Bank with DBS Bank will come into force from November 27 and moratorium imposed on the crisis-ridden lender will be removed on that day.
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Lakshmi Vilas Bank To Operate Branches As DBS Bank India From Friday
The RBI's move came after the Union Cabinet earlier in the day approved the merger of Lakshmi Vilas Bank (LVB) with DBS India
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Crisis-Hit Lakshmi Vilas Bank's Merger With DBS India Cleared By Cabinet
Cabinet approves merger of Lakshmi Vilas Bank with DBS Bank: As part of the amalgamation plan, DBS India will infuse fresh capital of Rs 2,500 crore into LVB and the entire share capital and reserves and surplus will be written off.
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Lakshmi Vilas Bank-DBS Bank Deal: Here Is All You Need to Know
LVB-DBS Deal: According to the RBI's plan, the well-capitalised DBS Bank India will bring in additional capital of Rs 2,500 crore upfront.
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DBS To Rescue Lakshmi Vilas Bank, First Such Move By A Foreign Lender
Singapore-based DBS's Indian unit will pump in Rs 25 billion ($336 million) in fresh capital, the central bank said in a statement on Tuesday.
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Lakshmi Vilas Bank's Financial Crisis Sparks Panic Among Customers
Mythili Krishnamoorthi is distraught - her family faces a medical emergency and requires a large sum of money. But all her savings are now under a withdrawal moratorium imposed by the Reserve Bank of India (RBI) on Lakshmi Vilas Bank. The Chennai resident is desperate for the banking regulator to approve her plea for exemption to withdraw up to Rs ...
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Singapore's Biggest Bank Cuts CEO's Pay By Millions on Digital Banking Outage
DBS Group Holdings Limited's fourth-quarter profit came in short of analyst expectations amid signs of pressure on margins. And while 2023 results hit a record, Chief Executive Officer Piyush Gupta's compensation got hit due to digital disruptions
-
Indian-Origin Singapore Man Jailed For Obtaining Colleagues' Salary Info
A 35-year-old Indian origin officer with Singapore's Ministry of Manpower was jailed for five weeks on Thursday for having asked an ex-colleague from DBS Bank to access the salary information of his colleagues
-
Robust Growth Gives RBI Room For More Rate Hikes: Report
The strong growth offers room for the Reserve Bank of India to raise rates by another 60 basis points as the central bank seeks to stamp out high inflation, DBS Group Research said in a note on Thursday.
-
LPG Cylinder Price, Banking Rules: Big Changes In March
The final month of the current financial year has started. On the first day of March, several changes have come into effect which will affect the day-to-day lives of people. Among the important changes is revision in the price of commercial LPG cylinders.
-
DBS, StanChart Weigh Bids As Citi Retreats From Asia Consumer Business: Report
The businesses Citi is exiting had $82 billion in assets and were allocated $7 billion in tangible common equity last year.
-
Delhi High Court Wants DBS Revert On Religare Finvest Plea To Make Bank Party in Suit Against LVB
Religare Finvest has a 2018 pending suit against LVB alleging misappropriation of its Fixed Deposits of Rs 750 crore
-
Lakshmi Vilas Bank To Write Off Rs 318 Crore Debt Ahead Of DBS Merger
The Reserve Bank of India, which orchestrated the rescue, "has advised the need to fully write down" the tier-2 debt, Lakshmi Vilas Bank said in an exchange filing Thursday.
-
Latest Updates On Lakshmi Vilas Bank Merger: 10 Things To Know
This week, the government approved the merger of crisis-hit Lakshmi Vilas Bank into DBS Bank India, a unit of Southeast Asia's largest lender, DBS. Lakshmi Vilas Bank (LVB) will now operate as DBS Bank India, with restrictions on withdrawals from its customers' accounts now lifted. The development comes days after withdrawals from Lakshmi Vilas Ban...
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Stocks To Watch In Trade Today: Lakshmi Vilas Bank, Laurus Labs
Lakshmi Vilas Bank shares will be in focus after the government, on Wednesday, approved the merger of Lakshmi Vilas Bank with DBS Bank India
-
Trading In Lakshmi Vilas Bank Shares To Be Suspended From Thursday
Reserve Bank has said the amalgamation of Lakshmi Vilas Bank with DBS Bank will come into force from November 27 and moratorium imposed on the crisis-ridden lender will be removed on that day.
-
Lakshmi Vilas Bank To Operate Branches As DBS Bank India From Friday
The RBI's move came after the Union Cabinet earlier in the day approved the merger of Lakshmi Vilas Bank (LVB) with DBS India
-
Crisis-Hit Lakshmi Vilas Bank's Merger With DBS India Cleared By Cabinet
Cabinet approves merger of Lakshmi Vilas Bank with DBS Bank: As part of the amalgamation plan, DBS India will infuse fresh capital of Rs 2,500 crore into LVB and the entire share capital and reserves and surplus will be written off.
-
Lakshmi Vilas Bank-DBS Bank Deal: Here Is All You Need to Know
LVB-DBS Deal: According to the RBI's plan, the well-capitalised DBS Bank India will bring in additional capital of Rs 2,500 crore upfront.
-
DBS To Rescue Lakshmi Vilas Bank, First Such Move By A Foreign Lender
Singapore-based DBS's Indian unit will pump in Rs 25 billion ($336 million) in fresh capital, the central bank said in a statement on Tuesday.
-
Lakshmi Vilas Bank's Financial Crisis Sparks Panic Among Customers
Mythili Krishnamoorthi is distraught - her family faces a medical emergency and requires a large sum of money. But all her savings are now under a withdrawal moratorium imposed by the Reserve Bank of India (RBI) on Lakshmi Vilas Bank. The Chennai resident is desperate for the banking regulator to approve her plea for exemption to withdraw up to Rs ...
