Canara Bank sells 13.5% of home finance arm to GIC for Rs 754 cr

State-run Canara Bank, which has been struggling to sell non-core assets to shore up its poor core capital, today sold 13.45 per cent of its stake in its home finance arm Can Fin Homes to GIC of Singapore for Rs 753.8 crore or USD 113 million. State-run ... ( read original story ...)

UOB launches sale of dual currency covered bonds

This is Asia's first dual currency covered bonds issue. Singapore banking giant United Overseas Bank announced two sales of covered bonds comprising of two tranches, a US$500m 2.125% covered bonds and an EUR500m 0.125% covered bonds, both due 2022. ( read original story ...)

Singapore regulator eyes blockchain for settlement

The Monetary Authority of Singapore is in talks with group of financial institutions to use distributed ledger technology for domestic inter-bank payments and securities settlement, following the completion of a proof-of-concept project. The process ... ( read original story ...)

Canara Bank Sells 13.45% Stake In Can Fin Homes

State-run lender Canara Bank Ltd has sold a 13.45 per cent stake in Housing finance arm Can Fin Homes Ltd to Singapore-based Caladium Investment Pvt Ltd for Rs 754 crore, it said on Friday. The divestment is seen as a part of the monetization process of ... ( read original story ...)

Mild Support Tipped For Singapore Shares

(RTTNews.com) - The Singapore stock market on Thursday wrote a finish to the two-day winning streak in which it had climbed almost 25 points or 0.7 percent. The Straits Times Index now rests just below the 3,120-point plateau, although the market may find ... ( read original story ...)

Singapore Shares Draw Flat Lead For Thursday

(RTTNews.com) - The Singapore stock market has tracked higher in two straight sessions, climbing almost 25 points or 0.7 percent along the way. The Straits Times Index now rests just above the 3,145-point plateau, although the market may be stuck in ... ( read original story ...)

Singapore to look into residential stamp duty loopholes

Legislative changes will be made to solve issues. The Singapore government will be working to review and solve several issues concerning the residential stamp duties. Speaking before the Parliament, National Development Minister Lawrence Wong said the ... ( read original story ...)

SGX mandates mainboard IPO firms to allot 5% for small investors

It is aimed to facilitate greater retail participation. Singapore exchange announced that it will be mandating all mainboard IPO companies to allocate at least 5% of $50m, whichever lower, to retail investors. According to Chew Sutat, SGX's Executive Vice ... ( read original story ...)

Banking on his new skills

He chose to pursue a Bachelor of Business in Banking and Finance (Double Major), awarded by Murdoch University, at Kaplan in Singapore because of the programme’s ideal duration and flexible study schedule. “With a diploma in banking and finance from ... ( read original story ...)