The moratorium imposed on the crisis-ridden lender will be removed on Friday and depositors of LVB will be able to operate their accounts as customers of DBS Bank India from that day, said the Central bank
Economy on course for full-year contraction this fiscal; recovery from COVID-19 disruptions remain clouded: DBS Bank
According to DBS, consumer discretionary sectors, production and services are likely to take longer to recover.
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.
Daily Bulletin: Pak to release IAF pilot; Sushma to attend OIC meet in Abu Dhabi; Netanyahu may be indicted; day's top stories
Today's top stories: Wing Commander Abhinandan is set to be released by Pakistan after a tense two days' captivity; Sushma Swaraj will attend the OIC's meeting in Abu Dhabi, PM Narendra Modi will address rallies in Andhra Pradesh and Tamil Nadu; and more.