-- DBS Group Holdings Ltd.’s shares are set to close out their best year since 2009, with some analysts predicting the rally could extend, driven by the bank’s burgeoning wealth management business. Southeast Asia’s top-performing bank is best placed to tap into the growing pool of affluent clients and family offices in Singapore, according to Macquarie Group Ltd.’s analysts, including …
Carlyle Group, Fairfax Financial Holdings, and DBS Bank are considering to bid for at least 10% each in IDBI Bank as part of the government’s ongoing share sale process, two people, including a government official, said. Private equity firms Carlyle and Fairfax and Singaporean lender DBS Bank have communicated with the department of investment and public asset management, finance ministry …
DBS Bank India has presently a strong presence in the Indian market, and benefits from the network’s expansion across sectors like gold loans, have begun to emerge DBS Bank India Ltd. is focusing on expanding its gold and MSME loan businesses. After merging the former Lakshmi Vilas Bank into its fold, DBS Bank India, which is a wholly-owned subsidiary of …
The booth of Deutsche Bank during an expo in Beijing. DBS stake in Shenzhen rural bank signals rising confidence in new round of opening-up Foreign financial institutions, or FFIs, are planning to increase investment in China's commercial banks or exploring new business opportunities in the country, as China has strengthened efforts to further open up its financial sector, industry experts …
Merger With DBS Bank In a sudden twist in the ongoing race for cash strapped Lakshmi Vilas Bank, the central government on Tuesday placed Tamil Nadu-based private sector lender under moratorium and capped withdrawal from the bank at Rs 25,000 for one month.However, to meet the cost of medical treatment, payment of higher education, and to cost marriage expenses, depositors …
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