Page 30 - Dbs News Today

SBM Bank bets on tie-ups to grow India ops; not to add branches SECTIONS Last Updated: Apr 19, 2021, 12:57 PM IST Share Synopsis DBS, the only other wholly-owned subsidiary, acquired struggling private sector lender Lakshmi Vilas Bank last year, which gave it access to 563 branches. Reuters The bank is not keen on adding to its brick and mortar branch network, which right now consists of six outlets in metro cities and two in unbanked rural areas, Rath said SBM Bank India, the wholly-owned subs...

Why do so many MNC banks give up pursuit of retail El Dorado in India? SECTIONS Share Synopsis A few years later in 2007, ABN Amro, which had acquired Bank of America’s retail business in 1998, sold out to RBS following a global deal. In the last decade, Deutsche Bank, ING, RBS and HSBC sold significant portions of their retail businesses in the country. Reuters (This story originally appeared in on Apr 17, 2021)Mumbai: For decades, multinational banks have sought to tap the continent-size...

Why do so many MNC banks give up pursuit of retail El Dorado in India Top Searches Why do so many MNC banks give up pursuit of retail El Dorado in India Mayur Shetty / TNN / Updated: Apr 17, 2021, 14:15 IST FacebookTwitterLinkedinEMail MUMBAI: For decades, multinational banks have sought to tap the continent-sized Indian market. Unlike other multinational entities, banks are not able to sweep the market as authorities in India and elsewhere grant branch licences very judiciously. Yet, over hal...

Synopsis Increased rivalry from domestic lenders, especially in consumer financing, and fierce competition for top talent contributed to the challenges that overseas banks have often struggled to overcome. High capital and regulatory requirements also proved onerous. Citigroup is also shuttering retail banking operations in countries from Australia to Indonesia and South Korea. Citigroup Inc.’s plan to exit its retail business in China and India underscores the frustrating battle for market s...

As part of its efforts to support the transition to a low-carbon future, the bank has set a target of 2039 to cut its thermal coal exposure to zero.

This comes as financial institutions across the globe face growing pressure to avoid coal-related investments.. Read more at straitstimes.com.

Singapore Developer Refinances Mall With Green Loan Nex (Image: Gold Ridge) Singapore Developer Refinances Mall With Green Loan );} Nexs green building rating was recently upgraded to BCA Green Mark Gold Plus, following improvements to its recycling program, chiller system, green procurement policy, and water management system. Gold Ridge will be refinancing Nex shopping mall, which it owns, using a S$900 million ($669 million) green loan jointly issued by DBS, UOB and OCBC, accord...

Mondelez to foot bill for in-house nanny SECTIONS Share Synopsis The pandemic has been a challenging time, especially for those who’ve recently entered parenthood. With daycares not fully functional, managing work along with home and childcare became tough. No other company has separately announced a policy to pay employees specifically for nanny services. Agencies They provide this service through their network of trained nannies and teachers to support parents. Mumbai: In a bid to facilita...

“Bitcoin is not a good medium of exchange because even though Elon Musk says he will take it for Tesla, it is very hard to do transactions because you can only do nine transactions per second while Visa and Mastercard can do hundreds of thousands,” said Gupta.

A report by DBS Bank found that the financial health of Singaporeans improved in the second half of last year.. Read more at straitstimes.com.