Chennai-headquartered Lakshmi Vilas Bank (LVB) has been merged with DBS Bank India from November 27, 2020.
Tag: Banking
Non-bank financial institutions in Singapore can connect directly to PayNow and FAST from February 2021
NFIs that are licenced as major payment institutions under the Payment Services Act will be allowed to connect directly to FAST and PayNow from next February.
DBS launches online tracking for cross-border payments in Asia’s first
More than 240,000 DBS corporate and SME clients in Singapore and Hong Kong will be the first to benefit from the service at no additional fee.
DBS named safest bank in Asia for 12th year running
DBS has been named the “Safest Bank in Asia” for the 12th consecutive year by New York-based trade publication Global Finance.
DBS named world’s best bank for 3rd year running
For the third year running, DBS has been recognised as the World’s Best Bank by New York-based financial publication Global Finance at its World’s Best Global Banks 2020 Awards.
DBS reports 26% lower net profit for 2020H1, as general allowances of SGD 1.26 billion conservatively set aside
DBS Group reported a net profit of SGD 2.41 billion for the first half of 2020 – 26 per cent lower than a year ago.
DBS to pilot SingPass facial verification technology for signing up of banking services
DBS has partnered with the Government Technology Agency of Singapore (GovTech) to pilot the latter’s innovative SingPass Face Verification technology.
OCBC customers can use SingPass for ibanking login in Singapore’s first
OCBC’s 1.8 million digital customers in Singapore are now able to use SingPass Mobile app as an alternative login to access the full suite of digital banking services.
DBS named winner of global digital transformation award
DBS has been named the inaugural winner of the Digital Transformation Award in the Hackett Group’s Digital Awards 2020.
14 digital bank applications to progress to next stage of assessment: MAS
14 of the 21 digital bank applications received by the Monetary Authority of Singapore (MAS) have met the eligibility criteria required for the application to be considered.
