Dbs

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

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

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

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

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

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-based assets; knee jerk gains in bonds likely, says DBS report

INR bonds have retained recent gains but struggled to make further headway.

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

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

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