MUMBAI/BENGALURU/SINGAPORE: DBS Group's move to take over troubled Lakshmi Vilas Bank will give Southeast Asia's largest lender the boost in India it has long desired, but aligning the two banks' ... ( read original story ...)
DBS faces potential culture clash as it scoops up distressed Indian lender
DBS Group's DBSM.SI move to take over troubled Lakshmi Vilas Bank LVLS.NS will give Southeast Asia's largest lender the boost in India it has long desired, but aligning the two banks' business ... ( read original story ...)
Merger with LVB to strengthen DBS Bank’s India business, says Moody’s
The RBI on 17 November announced a draft scheme for the merger of Lakshmi Vilas Bank (LVB) with the wholly-owned subsidiary of DBS Bank in India soon after the government imposed a one-month moratoriu ... ( read original story ...)
The three green loans mark CapitaLand’s first foray into sustainable finance in India.
CapitaLand has secured its first three green loans in India, totalling Rs 1700 crore, from DBS Bank India Limited (DBS) and the Hongkong and Shanghai Banking Corporation Limited India (HSBC India) for ... ( read original story ...)
Hong Kong, Singapore, Dubai or Nur-Sultan: Where is the Future of Asian Arbitration?
With Beijing spooking some investors in Hong Kong, other Asian cities are angling for prominence as arbitration centers. ( read original story ...)
Singapore pilots insurance coverage for foreign inbound travellers
Foreign visitors will be allowed to buy inbound travel insurance coverage for COVID-related costs incurred in Singapore, the Changi Airport Group (CAG) and the Singapore Tourism Board (STB) announced. ( read original story ...)
Singapore, Philippine central banks partner for data connectivity
They hope to boost cross-border data transfer and risk management. The Monetary Authority of Singapore (MAS) and the Bangko Sentral ng Pilipinas (BSP) have released a joint statement of intent to ... ( read original story ...)
Two Indonesian men charged with unlawful entry into Singapore; contraband cigarettes found during arrest
Singapore Customs will also investigate them for the possession of duty-unpaid cigarettes. “This is one good example of a member of the public working closely with the police to safeguard our waters ... ( read original story ...)
Singapore based Fintech 360F and Zurich Middle East Introduce Solution for Digitizing Entire Financial Process
Singapore based Fintech firm 360F and Zurich Middle East introduce solution for digitizing entire financial process. ( read original story ...)
This Time, India Is Getting a Bank Rescue Right
Another Indian bank has failed, the third collapse of a major deposit-taking institution in 15 months and the first since the onset of the coronavirus pandemic. But instead of allowing a zombie lender ... ( read original story ...)
Business Live: Shares flat as focus shifts to rising coronavirus cases; troubled Lakshmi Vilas Bank set to be handed over to Singapore’s DBS
India set to hand troubled Lakshmi Vilas Bank to Singapore's DBS. Th troubled lender may have a suitor, after all. Reuters reports: "Lakshmi Vilas Bank is set to be folded into th ... ( read original story ...)
How RBI moved quickly to save Lakshmi Vilas Bank, and why it chose Singapore’s DBS for merger
The top three foreign banks in India — Citibank, Standard Chartered and HSBC — have not ... DBS was set up by the government of Singapore, and it is controlled through Temasek Holdings — Singapore’s ... ( read original story ...)
‘Novel methods’ being used to smuggle drugs into Singapore amid COVID-19 restrictions: CNB
Drug traffickers and syndicates operating in Singapore are using "novel" smuggling methods to exploit COVID-19 travel restrictions, the ... ( read original story ...)
Singapore’s Leader Welcomes LGBTQ People in Tech Talent Pitch
Gay and lesbian people are “valued members of society” and welcome in Singapore, Prime Minister Lee Hsien Loong said Wednesday, in a statement that is at odds with his government’s resistance to ... ( read original story ...)
Credit Bureau Asia files for SGX IPO
SINGAPORE (THE BUSINESS TIMES) - Credit Bureau Asia (CBA), a credit and risk information solutions provider, has lodged a preliminary prospectus for a mainboard listing on the Singapore Exchange (SGX) ... ( read original story ...)
Lakshmi Vilas Bank: India is getting a bank rescue right this time
The moth-eaten LVB will cease to exist, its equity completely wiped out.Only its deposits will appear on the books of the India unit of DBS Group Holdings Ltd, Singapore’s biggest bank ... ( read original story ...)