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DBS Bank's Outgoing CEO Piyush Gupta Earned Rs 1,14,89,29,824 In 2024
Indian-origin Piyush Gupta received SGD 17.58 million in total pay for 2024 as the chief executive of Singapore's largest regional bank DBS Group, which he leaves this month.
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AI Set To Replace Humans In 4,000 Roles In Southeast Asia's Largest Bank
The International Monetary Fund (IMF) has warned that AI is likely to affect nearly 40% of all jobs worldwide.
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"It's Very Powerful, Different": DBS To Cut 4,000 Jobs In 3 Years Due To AI
DBS Bank said that the reduction of 4,000 employees over the next three years will primarily involve contract and temporary staff.
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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.
-
DBS Bank's Outgoing CEO Piyush Gupta Earned Rs 1,14,89,29,824 In 2024
Indian-origin Piyush Gupta received SGD 17.58 million in total pay for 2024 as the chief executive of Singapore's largest regional bank DBS Group, which he leaves this month.
-
AI Set To Replace Humans In 4,000 Roles In Southeast Asia's Largest Bank
The International Monetary Fund (IMF) has warned that AI is likely to affect nearly 40% of all jobs worldwide.
-
"It's Very Powerful, Different": DBS To Cut 4,000 Jobs In 3 Years Due To AI
DBS Bank said that the reduction of 4,000 employees over the next three years will primarily involve contract and temporary staff.
-
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.
