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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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Competition Watchdog Approves DB Power Acquisition By Adani Group
The Competition Commission of India (CCI) on Thursday said it has approved the acquisition of 100 per cent share capital of Diliigent Power Private Limited and DB Power Limited by Adani Power Limited.
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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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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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Singapore's DBS Extends Asia Private Banking Push With ANZ Assets Purchase
DBS Group plans to buy Australia and New Zealand Banking Group's wealth and retail businesses in five Asian markets - part of a big private banking push for the Singapore lender and the first significant retreat from Asia for ANZ.
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DBS Shares Fall On Swiber Exposure
DBS Group Holdings shares fell 2.6 per cent after it said it expects to recover about half of its S$700 million ($517 million) exposure to Swiber Holdings Ltd, an oilfield services provider that filed to wind up operations.
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DBS Eyes India Expansion Through Mobile-Only Digibank
DBS Group Holdings, Singapore's biggest lender, is targeting a hundredfold boost to its Indian customer base within five years after announcing on Tuesday that it is adding a mobile-only banking model in Asia's third largest economy.
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Royal Bank of Scotland to Close Down India Business: Report
Royal Bank of Scotland (RBS) will close its corporate banking operations in India as part of a plan to sell or shut businesses in two-thirds of the countries it operates in, a person familiar with the situation said.
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DBS Books Q4 Profit Jump, Says to Keep Bad Debt Provisions in Check
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.
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Ex-Telecom Minister A Raja Concludes His Final Arguments In 2G Scam Case
Former telecom minister A Raja today concluded his final arguments in 2G spectrum allocation scam case before a special court, claiming there was no evidence to show he was aware of the Rs 200 crore transaction between DMK-run Kalaignar TV and DB Group firm.
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StanChart May See White Knight Takeover on Painful Recovery: CLSA
UK bank Standard Chartered (StanChart) could be acquired by a white knight as its recovery could prove to be "challenging", according to broker CLSA, which upgraded shares of the Asia-focused lender on that possibility.
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Singapore's DBS, South Africa's FirstRand in Talks to Buy RBS India Unit: Report
DBS Group Holdings, Singapore's biggest lender, and South African banking group FirstRand are in separate talks to buy Royal Bank of Scotland Group Plc's India unit, people with direct knowledge of the matter told Reuters.
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DB Realty, Radius Tie-Up to Develop Rs 3,500 Cr Project
Radius group is also into real estate business based out of Mumbai.
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DBS to Soft Launch Mobile Banking in India
The phase by phase soft launch will be spread across DBS's locations in 12 Indian cities, including Mumbai, Delhi, Kolkata, Chennai, Bangalore and Pune, from end of next month.
-
"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
-
Competition Watchdog Approves DB Power Acquisition By Adani Group
The Competition Commission of India (CCI) on Thursday said it has approved the acquisition of 100 per cent share capital of Diliigent Power Private Limited and DB Power Limited by Adani Power Limited.
-
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.
-
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.
-
Singapore's DBS Extends Asia Private Banking Push With ANZ Assets Purchase
DBS Group plans to buy Australia and New Zealand Banking Group's wealth and retail businesses in five Asian markets - part of a big private banking push for the Singapore lender and the first significant retreat from Asia for ANZ.
-
DBS Shares Fall On Swiber Exposure
DBS Group Holdings shares fell 2.6 per cent after it said it expects to recover about half of its S$700 million ($517 million) exposure to Swiber Holdings Ltd, an oilfield services provider that filed to wind up operations.
-
DBS Eyes India Expansion Through Mobile-Only Digibank
DBS Group Holdings, Singapore's biggest lender, is targeting a hundredfold boost to its Indian customer base within five years after announcing on Tuesday that it is adding a mobile-only banking model in Asia's third largest economy.
-
Royal Bank of Scotland to Close Down India Business: Report
Royal Bank of Scotland (RBS) will close its corporate banking operations in India as part of a plan to sell or shut businesses in two-thirds of the countries it operates in, a person familiar with the situation said.
-
DBS Books Q4 Profit Jump, Says to Keep Bad Debt Provisions in Check
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.
-
Ex-Telecom Minister A Raja Concludes His Final Arguments In 2G Scam Case
Former telecom minister A Raja today concluded his final arguments in 2G spectrum allocation scam case before a special court, claiming there was no evidence to show he was aware of the Rs 200 crore transaction between DMK-run Kalaignar TV and DB Group firm.
-
StanChart May See White Knight Takeover on Painful Recovery: CLSA
UK bank Standard Chartered (StanChart) could be acquired by a white knight as its recovery could prove to be "challenging", according to broker CLSA, which upgraded shares of the Asia-focused lender on that possibility.
-
Singapore's DBS, South Africa's FirstRand in Talks to Buy RBS India Unit: Report
DBS Group Holdings, Singapore's biggest lender, and South African banking group FirstRand are in separate talks to buy Royal Bank of Scotland Group Plc's India unit, people with direct knowledge of the matter told Reuters.
-
DB Realty, Radius Tie-Up to Develop Rs 3,500 Cr Project
Radius group is also into real estate business based out of Mumbai.
-
DBS to Soft Launch Mobile Banking in India
The phase by phase soft launch will be spread across DBS's locations in 12 Indian cities, including Mumbai, Delhi, Kolkata, Chennai, Bangalore and Pune, from end of next month.
