With this, there will no further restrictions on the depositors regarding the withdrawal of their deposits,' Union minister Prakash Javadekar said ... ( read original story ...)
India approves merger of Lakshmi Vilas Bank to Singapore’s DBS
The Indian government has approved the merger of crisis-hit Lakshmi Vilas Bank into the Indian unit of Southeast Asia's largest lender DBS. ( read original story ...)
Lakshmi Vilas Bank merger with DBS Bank approved by Cabinet
In a major development for the beleaguered Lakshmi Vilas Bank (LVB), its merger with the Singapore-based DBS Bank has received an approval from the Cabinet. The issue came up for discussion before the ... ( read original story ...)
LVB to become DBS Bank India from Nov 27; ₹25,000 withdrawal restriction to go
Crisis-hit Lakshmi Vilas Bank (LVB) will merge into the Indian arm of Singapore-based DBS Bank on November 27, leading to removal of all restrictions, including withdrawal cap of ₹25,000, which the ... ( read original story ...)
Lakshmi Vilas Bank merger with DBS Bank: What it means for customers
On 17 November, the Reserve Bank of India had unveiled a draft scheme to amalgamate private sector lender Lakshmi Vilas Bank with DBS Bank India ... ( read original story ...)
A $30b telco shoots for the moon
Singtel might not have had a good 2020, but next year could be the launchpad for the telco giant’s stellar revival. Plus, an Indonesian fintech platform close ... ( read original story ...)
JD Health IPO helps cure Hong Kong market blues after Ant
JD Health has already locked in six cornerstone investors, including Singapore state investment ... but Chinese regulators halted the IPO shortly before trading was due to start. ( read original story ...)
JD Unit Seeks up to $3.5 Billion in Asia’s Biggest Health IPO
JD Health International Inc. is looking to raise as much as $3.5 billion in its Hong Kong initial public offering in what would be Asia’s biggest health-care listing on record. ( read original story ...)
Singapore Says They’ll Award Digital Banking Licenses By Year’s End
Singapore's financial regulator is sticking to the original plan to award digital banking licenses by the end of the year, according to a Bloomberg report, no matter how tight the scrutiny is in China ... ( read original story ...)
Singapore offers bank loans, grants to buffer green expenses
Singapore has unveiled a new scheme to help buffer expenses ... As part of the launch, BNP Paribas, OCBC Bank, and UOB were amongst the banks that have introduced green and sustainability-linked loan ... ( read original story ...)
Singapore Stock Market May Crack 2,900-Point Barrier
Among the actives, Singapore Airlines skyrocketed 8.35 percent, while SATS surged 7.35 percent, Comfort DelGro soared 7.77 percent, SembCorp Industries spiked 4.62 percent, DBS Group accelerated 2 ... ( read original story ...)
Singapore Pushes Digital Banks in Face of Fintech Crackdowns
Nov.24 -- The head of Singapore's financial regulator says tightening scrutiny hitting Chinese fintech applicants such as Ant Group or Bytedance will not have an impact on its plans for digital ... ( read original story ...)
Singapore Pushes Digital Banks in Face of China, U.S. Crackdowns
Singapore’s financial regulator will stick with its plans ... I think that’s the right thing to do, and it creates a level playing field.” Read why DBS welcomes China’s fintech clampdown Asked whether ... ( read original story ...)
China to strengthen financial connectivity with Singapore
China is involved in strengthening cooperation with Singapore to promote greater financial connectivity, according to officials. The statement was mad..|News Track ... ( read original story ...)
Singapore: Inflation expected to turn positive in 2021 – UOB
UOB Group’s Economist Barnabas Gan assessed the latest inflation figures in the Singaporean economy. Key Quotes “Singapore’s consumer prices fell for its eight straight mont ... ( read original story ...)
Grab’s future IPO plans not affected by COVID, president says
SINGAPORE -- Singapore's Grab has not changed its thinking regarding a future IPO because of COVID-19, according to its president, whose remarks are the latest indication that Southeast Asia's ... ( read original story ...)