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DBS CEO Piyush Gupta's annual pay rises 13.2% in 2022

March 09, 2023 2:40 pm

DBS Group chief executive Piyush Gupta saw his annual earnings climb 13.2 per cent to SGD 15.4 million last year as South-East Asia's biggest bank posted record profit and return on equity (ROE)

DBS Private Bank targeting more than 50% assets in sustainable investments by 2023

March 19, 2021 4:55 pm

DBS Private Bank in 2021 plans to launch more than 10 products, including exchange-traded funds, mutual funds and private equity investments.

Lakshmi Vilas Bank customers can access all services; no change in interest rates as of now: DBS

November 30, 2020 4:35 pm

Lakshmi Vilas Bank (LVB) has now been amalgamated with DBS Bank India Ltd (DBIL), the wholly-owned subsidiary of DBS Group Holdings Ltd, DBS Bank India said in a statement.

Cabinet approves merger of Lakshmi Vilas Bank with DBS Bank India

November 25, 2020 8:54 pm

Lakshmi Vilas Bank - DBS Bank Merger: With this there will no further restrictions on the depositors regarding withdrawal of their deposits, Union Minister Prakash Javadekar informed in the briefing to the reporters.

DBS sees double-digit contraction in economy in April-June quarter

July 07, 2020 5:28 pm

The nature of this sudden stop owing to the pandemic will see real growth shift right to a lower trend, with part of the lost output unlikely to be made up for during the year, said Radhika Rao, economist at DBS Group Research.

RBI may consider coronavirus impact on Indian economy in next policy meeting, says DBS report

February 25, 2020 2:52 pm

On economic growth, the DBS Bank report said, the Indian economy is in the midst of "bottoming out" -- to reach a lowest or worst point before beginning to rise or improve.

High oil prices pose threat to improvement in Indian CAD: DBS report

January 07, 2020 12:45 pm

Downbeat sentiments saw USD-INR exchange rate test past 72 to a two-month high, while the benchmark equity indices witnessed mayhem on Monday, said a report by Singapore's banking group DBS.

DBS sees further economic slowdown in 2019

November 25, 2019 11:44 am

"Real GDP is likely to print 4.3 per cent YoY in 3Q vs 2Q's 5 per cent, nearing the trough for this cycle," DBS said in its daily economic report.

Government looks at ‘expenditure’ budget to aid higher growth

DBS revises India GDP forecast for FY20 down to 6.8 pc

June 20, 2019 2:48 pm

The Reserve Bank of India's policy stance was changed from neutral to accommodative, opening the door to further easing, wrote Radhika Rao, Economist at DBS Group Research.