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DBS News

Urjit Patel resignation

11 Dec 2018

Urjit Patel's resignation comes at a sensitive time, to dampen sentiments: DBS

A search panel might be formed, with a former Finance Secretary and Finance Commission member, also reportedly in the running.

RBI-govt tensions

20 Nov 2018

Easing tensions between RBI, govt positive for INR assets: DBS

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

08 Aug 2017

Firm rupee headwind for export, global demand may cut impact

The rupee has risen more than six percent this year against the dollar. This is in contrast to six consecutive years of depreciation.

08 Nov 2016

RBI unlikely to cut rates in short-to mid term: DBS

Singaporean brokerage DBS Tuesday said the Reserve Bank is unlikely to cut rates further due to factors like the US Fed's likely tightening in December and the progress on Brexit.

India GVA growth

02 Nov 2016

India's gross-value added growth to hit 7.6% this year

India's gross-value added growth is expected to quicken to 7.6 percent this year from 7.2 percent in 2015-16, driven by sustained support from public capex spending, says a DBS report.

Singapore Central Bank

11 Oct 2016

Singapore shuts Falcon bank unit, fines DBS and UBS over 1MDB

Singapore`s central bank on Tuesday shut down a second Swiss bank in the city-state and fined banks DBS and UBS in its biggest crackdown on alleged money-laundering activities connected with Malaysian sovereign fund 1MDB.

07 Jul 2016

Cabinet reshuffle 'non-event' for markets, key factor is GST: DBS

Singaporean brokerage DBS on Thursday said that cabinet reshuffle was a “non-event” as the key factor that must be watched out for is seeing the GST bill passed in the upcoming Monsoon Session of Parliament.

12 Jun 2016

India to grow at 7.8% in FY17, led by consumption: DBS

Recovery in the Indian economy is likely to continue and the GDP growth is expected to be higher at 7.8 percent in the current fiscal, although it will be "uneven", propped largely by "strong consumption" and public expenditure, says a DBS report.

Tata Communications

09 Jun 2016

Tata Communications installs 8,000 ATM units across the country

Tata Communications today said its white label automated teller machines (ATM) arm has put 8,000 units across 4,600 towns of 20 states in the country till now.

19 Apr 2016

India's exports unlikely to improve in a hurry, says DBS

India's exports shrank 16 percent in 2015-16, and going ahead, it is unlikely to improve in a hurry due to its close correlation with global imports, a DBS report says.

Deep brain stimulation

10 Apr 2016

Deep Brain Stimulation can improve life of Parkinson's patients

World Parkinson's Disease Day is on April 11.

09 Apr 2016

DBS joins forces with Rising Pune Supergiants for IPL-9

DBS Bank Limited (DBS) on Saturday announced its partnership with Indian Premier League cricket team Rising Pune Supergiants

10 Mar 2016

Foreign reserves at higher level, but debt increases too: DBS

India's foreign exchange reserves may have been at an elevated level, but its other liabilities have gone up, following which the country's net international investment position (NIIP) has ended up in red, says a DBS report.

09 Mar 2016

UBS, Deutsche Bank lose bankers` bonuses tax case in UK

Offshore schemes operated by UBS and Deutsche Bank in a bid to avoid paying income tax on bankers` bonuses are not exempt from tax, the Supreme Court in London ruled Wednesday

26 Jan 2016

Wider deficits carry risks of delay to rating upgrades: DBS

India's fiscal deficit target for 2016-17 is likely to be adjusted higher to 3.7 percent of GDP, financial services major DBS said while highlighting that wider deficits carry the risks of a delay to rating upgrades.

India's GDP Growth

26 Nov 2015

Jul-Sept GDP growth seen at 7.3%; RBI to hold repo rate: DBS

India is likely to clock a GDP growth rate of 7.3 percent for the July-September quarter, DBS said in a research report, adding that the underlying trend in the country is "firming up".

25 Oct 2015

GDP to grow at 7.4% in FY16 with downside risks: DBS

India is expected to clock 7.4 percent growth rate this fiscal with a downside risk amid weak exports, slow pace of structural reforms and investment spending, says a DBS report.

24 Aug 2015

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.

06 Aug 2015

Retail inflation to average 5.6% this fiscal: DBS

Retail inflation in India is likely to average around 5.6 percent this year, down from 6.1 percent in financial year 2014-15, says a DBS report.

Current Account Deficit

02 Aug 2015

India's CAD likely to widen in June quarter: Report

India's current account deficit (CAD) is likely to widen in the June quarter to 1.8-2.0 percent of GDP while for the current financial year, it is likely to remain under control, says a DBS report.

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