DBS to soft launch mobile banking in India

Singapore's DBS bank which has branches in major cities of India will soft launch its digital/mobile online banking in the country this week, a top official of the bank said Monday.

Grexit not a foregone conclusion despite 'no' vote: DBS

The largest Singaporean lender, DBS Bank, said Monday that the overwhelming Greece vote against austerity measures on Sunday is not a foregone conclusion for its exit from the euro zone.

DBS pegs Q2 GDP at 5.3% on low farm yield, industrial activity

The GDP growth is likely to have slowed down to 5.3 percent in the second quarter of the current fiscal, hit by lower farm output and subdued industrial activity, says a report.

Royal Sundaram enters into bancassurance tie up with DBS Bank

A Memorandum of Understanding was signed where DBS would introduce the products of Royal Sundaram in all its branches, the company said in a release.

DBS Bank evaluating RBI's WOS guidelines for foreign banks

The new rules also allow foreign bank subsidiaries to list locally.

CAD in Q1 likely at 4% on gold import surge: DBS

The RBI will release the June quarter current account deficit Monday. Government aims to contain current account 3.7 percent of GDP for the entire fiscal.

DBS Bank expects 0.5% repo rate hike by RBI in next 3 months

The Reserve Bank is likely to increase short term lending (repo) rate by 0.5 percentage points by December in a bid to anchor inflationary expectations, DBS Bank said in a report.

Recent govt actions may only arrest rupee fall: DBS

The recent policy actions might not help the rupee in regaining its lost ground but only arrest further depreciation, Singaporean bank DBS said Wednesday.

DBS Bank names Sheran Mehra Marketing Communications head

In the past, she had been associated with banks like HSBC, Barclays and Dhanlaxmi.

Fiscal deficit to slip up by 0.50% on new food scheme: DBS

Government's fiscal deficit may exceed the target of 4.8 percent of GDP by 0.50 percentage points in this financial year, and money-guzzling measures like decision to push the Food Security Bill are only expected to complicate the matter, brokerage DBS Bank said.

India should do more to build investor confidence: DBS chief

India needs to work more towards building investor confidence to attract investment for its massive infrastructure development and boost economic growth, Singapore's DBS Bank Chief Executive Officer Piyush Gupta said on Friday.

India should push economic reforms for growth, investments: DBS

India must push on with economic reforms as back tracking on such initiatives will impact growth as well as foreign investments, a senior banking official said here on Friday.

Axis Bank enters into partnership with DBS Bank

Private sector lender Axis Bank Tuesday said it has entered into a partnership with Singapore-based DBS Bank to facilitate money transfer from Singapore to India through AxisRemit Online.

DBS Bank has just USD 400mn exposure to Dubai World

DBS Bank has said its total exposure to Dubai is around USD 1.28bn and out of
this only USD 400mn is to the troubled Dubai World.

Wockhardt, DBS Bank agree on out-of-court settlement of dispute

Debt-ridden pharmaceutical firm
Wockhardt and DBS Bank have agreed to an out-of-court
settlement of a dispute over loan that the drug manufacturer
had taken from the Singapore-based lender.