Dbs

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Dbs - Total results - 32
Kotak Mahindra Bank lowers interest rates on savings deposits for second time in April; new rates effective from today
Business

Kotak Mahindra Bank lowers interest rates on savings deposits for second time in April; new rates effective from today

Kotak was one of a handful banks-–Yes Bank, Indusind Bank, RBI and DBS--to offer higher pricing on savings deposits that had peaked at 7 percent for the past many years.

Budget 2020: Financial market will look for improved transparency in 1 February announcements, says DBS report
Business

Budget 2020: Financial market will look for improved transparency in 1 February announcements, says DBS report

The report noted that fiscal deficit in the first eight months of FY20, stood at 15 percent above target, driven by weak revenues

DBS sees slow recovery for Indian economy; cuts GDP growth forecast for FY20 to 5% from 5.5% earlier
Business

DBS sees slow recovery for Indian economy; cuts GDP growth forecast for FY20 to 5% from 5.5% earlier

Singapore's DBS Banking group has cut India's GDP growth forecast for this fiscal to 5 percent from 5.5 percent earlier and said that it will be a slow climb to recovery for the economy

Yes Bank plans to raise $1.2 bn by December, give board representation to new investors
Business

Yes Bank plans to raise $1.2 bn by December, give board representation to new investors

Yes Bank said it may raise the money either through the North American family office, which has made a binding offer to pump $1.2 billion, or through a combination of investors.

Finance Minister Nirmala Sitharaman likely to announce more support measures for economy: DBS
Business

Finance Minister Nirmala Sitharaman likely to announce more support measures for economy: DBS

Sitharaman on Friday announced a raft of measures, including rollback of enhanced super-rich tax on foreign and domestic equity investors

RBI may go for 25 bps repo rate cut on Wednesday on slow inflation rate, weak economic activity: DBS
Business

RBI may go for 25 bps repo rate cut on Wednesday on slow inflation rate, weak economic activity: DBS

The Reserve Bank of India is expected to cut key policy rates by 25 basis points on Wednesday taking the benchmark repo rate to 5.50 percent, says a DBS report

Finally, Baba Ramdev gets ownership of Ruchi Soya for Rs 4,350 cr; banks take huge haircut
Business

Finally, Baba Ramdev gets ownership of Ruchi Soya for Rs 4,350 cr; banks take huge haircut

The NCLT approval comes after it dismissed the petitions filed by Standard Chartered Bank and Singaporean lender DBS, which had both challenged the low bid by Patanjali and the resultant lower payout.

DBS India to hire 600-800 persons in 18 months as it goes into expansion mode; acquires domestic subsidiary licence
Business

DBS India to hire 600-800 persons in 18 months as it goes into expansion mode; acquires domestic subsidiary licence

The DBS group has close to 1,200 persons at its Hyderabad technology centre, which was started from scratch about two-and-a-half years ago, he said.

Easing tensions between RBI, govt positive for rupee assets; knee-jerk gains in bonds are likely: DBS
Business

Easing tensions between RBI, govt positive for rupee assets; knee-jerk gains in bonds are likely: DBS

“Knee-jerk gains in bonds are likely, before returning to familiar drivers particularly in midst of the sharp overnight sell-off in the US markets,” said the DBS Banking Group in its report on Tuesday.

NBFC crisis poses more economic growth headwinds, says DBS' economist Radhika Rao
Business

NBFC crisis poses more economic growth headwinds, says DBS' economist Radhika Rao

NBFC crisis will come as a growth booster for banks, which for long have been ceding credit market share to NBFCs, which had accounted for 12-15 percent of the total credit generated in the past two fiscals

Indian-origin DBS employee loses job for posting image of torn Singapore flag ahead of India's Independence Day
World

Indian-origin DBS employee loses job for posting image of torn Singapore flag ahead of India's Independence Day

Avijit Das Patnaik, an Indian-origin employee of Singapore's DBS Bank has lost his job after he posted on Facebook an image of the country's torn flag to reveal the Indian flag underneath on the eve of India's Independence Day

DBS raises real GDP forecast to 7.4% for current fiscal from 7.2% earlier on consumption and higher public spending
Business

DBS raises real GDP forecast to 7.4% for current fiscal from 7.2% earlier on consumption and higher public spending

"The economy has recovered since the transitory shocks of demonetisation and GST rollout," DBS said in a research note adding that consumption both urban and non-farm and higher public spending is expected to lift growth.

India's foreign reserves in 'comfortable range'; 5-8% fall will not jeopardise situation: DBS
Business

India's foreign reserves in 'comfortable range'; 5-8% fall will not jeopardise situation: DBS

A challenging global environment has compelled RBI to intervene aggressively this year to contain rupee depreciation, resulting in significant drawdown in foreign reserves

Inflation to average 4.7% this fiscal; RBI likely to tighten key interest rate in coming months: DBS report
Business

Inflation to average 4.7% this fiscal; RBI likely to tighten key interest rate in coming months: DBS report

According to DBS, good rains will support agricultural growth but a material respite to inflation will hinge on factors like oil prices, and rupee value against the US dollar

Reserve Bank of India expected to raise interest rates in August; to go for more hikes this fiscal: DBS
Business

Reserve Bank of India expected to raise interest rates in August; to go for more hikes this fiscal: DBS

According to DBS, upside risks to inflation and a need to maintain financial markets' stability will keep monetary policy on a tightening bias.

Higher minimum support prices for kharif crops may have inflation, fiscal costs, says DBS report
Business

Higher minimum support prices for kharif crops may have inflation, fiscal costs, says DBS report

Seeking to address farm distress ahead of general elections, the Centre on 4 July hiked price paid to farmers for paddy by a record Rs 200 per quintal and by up to 52 percent for other summer-sown crops

Govt to opt for wider fiscal deficit target of 3.2% in FY19; borrowings may swell to Rs 5.2 lakh cr: DBS
Business

Govt to opt for wider fiscal deficit target of 3.2% in FY19; borrowings may swell to Rs 5.2 lakh cr: DBS

DBS attributed difficulties on fiscal deficit front to shortfall in receipts and added that expenditure has stayed on the planned course

Aston Martin will recall over 5,500 vehicles in the US due to various safety issues
News & Analysis

Aston Martin will recall over 5,500 vehicles in the US due to various safety issues

The documents on the NHTSA website say Aston Martin is recalling 3,493 DB9, DBS, Rapide, Virage and Vanquish models that were made between 2009 and 2016.

Jul-Sep GDP seen 6.4%; analysts forecast better show as demonetisation, GST impact fades
Business

Jul-Sep GDP seen 6.4%; analysts forecast better show as demonetisation, GST impact fades

GDP growth had slid to a three-year low of 5.7 percent for the three months to June on the spillover effects of the note ban and the GST implementation