Dbs Bank News

Smaller lenders will have to rely more on equity raise as investors shall be a bit more skeptical to take risk now

The research report, authored by the DBS Bank economist Radhika Rao, lists five reasons why the trade war matters to IndiaThe dominant narrative suggests India is immune to the ongoing trade conflicts and global growth trends

Singapore-based DBS’ move highlights its efforts to tap growth outside its home market to offset weakness in the local economyGlobal rivals, such as Citigroup, also looking to expand their credit card customer base in India

DBS Bank India will hire 600-800 people over the next 12-18 monthsDBS Bank said it would also rejig its business portfolio mix by focusing more on the retail and small business enterprises

The Reserve Bank of India (RBI) wants foreign lenders in India to function through wholly owned subsidiariesThe bank also plans to establish a combination of branches and kiosks across 25 cities in the next 12-18 months

With the US Federal Reserve putting interest rates on hold and hinting a pause to its balance sheet contraction, the best for DBS may already be in the rearview mirror

DBS Bank is also looking to increase its footprint by adding another 50 branches and 70 banking outlets over the next one year

Jyoti Structures' owes around 8,000 crore to a consortium of lenders and was on the first list of the 12 large accounts referred by the RBI for resolution under the IBC

The resolution professional of the Ruchi Soya had moved NCLT against ICICI Bank seeking its intervention to retrieve around Rs48 crore that the bank had paid towards a letter of credit

Jyoti Structures was the first of the 12 accounts referred by the Reserve Bank of India for resolution under the insolvency and bankruptcy code to be admitted by NCLT