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DBS Group said yesterday that the bank’s loan growth could slow for the rest of the year and the spread was narrowing between its loan income and funding costs on the mainland. The Singapore-based ban.
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Mumbai, Jul 26 () With an eye on small businesses, Singaporean lender DBS today announced a tie-up with accountancy software maker Tally, which it hopes will help expand its local loan-book by SGD 500.
For example, DBS and POSB decreased their lowest interest rates available. Coincidentally, unsecured personal loans, including personal loans, education loans and renovations loans, experienced sig.
DBS Group, Southeast Asia’s largest bank, plans to expand its Hong Kong loan book by about 10 per cent this year, mainly targeting small and medium-sized companies and trade with the mainland. DBS’s 2.
Mumbai: Singapore based DBS Bank said its net profit in India rose to Rs 13 crore in the year ended March 2017 up 50% from Rs 9 crore a year earlier driven by a 24% loan growth and as fee income doubl.
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Total income climbs 16% to SGD 3.36 billion from broad-based growth in loans and non-interest income. The leverage ratio of 7.6% was more than twice the regulatory requirement of 3%. DBS CEO Piyush.
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High costs of living, housing prices and education expenses are cited as the reasons. 22 percent in housing loans) out of total customer loans of DBS. And S$140 billion is a 14.5 percent increase i.
Who is eligible? All applicants (Singapore, SPR or International) pursuing their undergraduate degree* are eligible for the loan regardless of family income.
The bank has set a deposit target of Rs 50,000 crore in five years and Rs 10,000 crore of retail loans. The reason why DBS is going full steam in India even as other multinationals are being cautious.
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DBS aims to expand the size of its Australian loan book from about $500 million today to up to. including in hotels, health care and education. Before obtaining the local licence, DBS has already b.
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Note: For SPR and international students who take up both the Tuition Fee Loan and Study Loan, you will only receive a total loan amount equivalent to the subsidised tuition fees payable by Singaporeans for a similar programme of study.
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Our vision is to shape a better future for Asia. The DBS Foundation focuses on building a more inclusive Asia by championing social entrepreneurship.
He also appealed to the government to assist DBS students with the Ghana Education Trust Fund (GETFUND) and SSNIT Loan Scheme. Alhaji Zablim Saaka suggested that the government set up a committee to l.
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A1: DBS iBanking is a one-stop online banking service provided by DBS Bank (Hong Kong) Limited that allows you to access your bank accounts and perform various transactions at any time and from anywhere.
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In November, DBS did something small but revolutionary.Rather than just talking about digital strategy, it decided to quantify exactly what digitalization means for profitability. The answer: compared with a traditional branch-visiting bank user, a digital customer brings in twice the income, keeps higher loan and deposit balances, costs 57% less to acquire, conducts 16.
SINGAPORE (Reuters) – Singapore’s DBS Group Holdings booked an unexpected slide in quarterly profit, which fell 23 percent to hit a five-year low as the bank nearly doubled provisions for loans to the.
SINGAPORE – DBS Bank had launched a service that enables SME owners to apply for up to 11 types of loan products online, with no signatures required. The service covers business loans, overdrafts, mic.
Digibank is set to launch fully digital personal loans of up to ₹15 lakh. 5,000 clients in the steel firms, realty, education, jewellery and logistic sectors. Chairman Sunil Ghumatkar says, “With D.
SINGAPORE–DBS Group Holdings Ltd., Singapore’s biggest lender, on Monday reported a 21% rise in its first quarter net profit, helped by higher net interest income and non-interest income amid growth.
MUMBAI: Singapore based DBS Bank has bought a Rs 1,000 crore loan portfolio from The Royal Bank of Scotland (RBS) as the British lender has decided to sell its India business in parts rather than at o.
OCBC Bank’s loans grew 1 per cent quarter on quarter, United Overseas Bank saw only a 0.4 per cent expansion, while DBS Group, which reported its results yesterday, grew loans by 2 per cent. The year-.