DBS NET PROFIT
$5 billion in 5 days! Why FIIs are suddenly shopping Indian stocks non-stop this Diwali
Foreign institutional investors have poured nearly $5 billion into Indian equities in five trading sessions, marking a sharp reversal after months of heavy selling. Strong Q2 earnings, softer crude prices, stable currency and the global AI sell-off are improving India's appeal, with investors rotating towards relatively undervalued markets and large-cap stocks.
Bloodbath in Nasdaq, Kospi and Nikkei but why Nifty is an oasis of peace amid global rout
A global AI-led tech selloff has battered US and Asian markets, wiping out $3 trillion from S&P 500 companies. However, Indian equities are showing relative resilience as investors rotate away from crowded AI trades. Market experts believe India's lower exposure to the AI boom, attractive large-cap valuations and renewed foreign inflows could help it weather the global rout.
DBS Group Q3 net profit falls 5% to S$2.81 billion, misses estimates
DBS Group reported a 5% year-on-year decline in third-quarter net profit to S$2.81 billion, missing analyst estimates due to weaker market trading income. The bank also announced dividends and a leadership transition, with Anthony Lim set to become chairman in January 2027.
Asia-focused banks face bond market risks ahead of Q3 earnings
Asia-focused banks face mounting pressure from rising bond yields, inflation and currency volatility ahead of third-quarter earnings. HSBC, Standard Chartered and DBS confront profitability and capital risks, while Japanese and Southeast Asian lenders navigate bond losses, funding pressures and economic uncertainty.
Global Market: DBS raises full-year outlook as record Q2 profit beats estimates
DBS Group announced a robust nine percent increase in net profit for the second quarter, bolstered by a remarkable forty-two percent rise in wealth management fees. Following an exceptional first half, the bank upgraded its full-year guidance. Despite facing margin pressures, overall profit margins showed improvement with a higher return on equity. Additionally, shareholders will benefit from an announced increase in the quarterly dividend.
DBS India FY25 profit up 81% at Rs 684 crore
DBS Bank, India's largest foreign bank by number of branches reported a 81% growth in net profit year on year led by a strong growth in interest income even as asset quality remained stable
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Singapore bank DBS posts record quarterly profit, sees 2025 dip from tax changes
DBS Group, Singapore's largest bank, reported a record-breaking net profit for the third quarter, reaching S$3.03 billion. This impressive performance was fueled by robust fee income, particularly in wealth management. However, the bank projects a decline in net profit for 2025 due to the implementation of a global minimum corporate tax rate in Singapore.
DBS sees net profit rising this year after Q1 beats forecasts
"While geopolitical tensions persist, macroeconomic conditions remain resilient and our franchise is well positioned to capture business opportunities," DBS Chief Executive Officer Piyush Gupta said in a statement.
DBS cuts CEO Gupta's pay by 30 per cent due to digital disruptions suffered by customers in 2023
DBS, Singapore's leading corporate group, has reduced CEO Piyush Gupta's variable pay by 30% due to digital disruptions experienced by the bank's customers. The CEO and other members of the management committee took a 21% reduction in their variable pay. DBS suffered disruptions to its digital banking services, leading to regulatory actions.
Singapore's DBS maintains 2024 guidance, Q4 profit beats forecasts
DBS Group, Singapore's biggest bank, maintained guidance for net interest income for 2024 at around last year's levels after posting a 2% rise in fourth quarter net profit, beating expectations.
DBS India puts ₹437-cr bad loans on the block, seeks all-cash bids
DBS India has invited bids for a counter bid for the portfolio of the NPAs, which should be at a minimum of 5% markup on the base price. The bank will hold the Swiss challenge on November 7, according to the bid document.
Singapore's DBS posts record Q1 profit, expects margins to decline as rates peak
Singapore's largest bank, DBS Group, has announced a quarterly net profit of S$2.57bn ($1.9bn) for Q1 2016, up 43% on the same quarter a year ago. The bank cites inflows of safe haven deposits amid global banking turmoil, geopolitical uncertainty and volatile markets as a major factor behind growth. DBS also said that a threatened interest rate rise cycle's impact on margins led it to expect a gradual decline. DBS' report follows strong results and a more than tripling of quarterly profit from regional rival HSBC and smaller Singaporean peer United Overseas Bank.
Fairfax Financial to double investment in India over 4-5 years
Business-friendly environment makes India one of the favourite destinations for foreign investment, Watsa said speaking virtually at India@75 session. The chairman of the Financial Holdings said his company has so far invested USD 7 billion in India and it plans to double that investment in 4-5 years.
DBS India profit falls as LVB acquisition cost bites, trading income weakens
The bank put the "annual pre-tax" drag from the LVB acquisition at Rs 669 crore in the fiscal ended, up from Rs 341 crore, as the majority of the impact was felt in fiscal 2022. DBS acquired the ailing LVB on Reserve Bank of India's direction in November 2020.
Post LVB merger, DBS Bank India reports higher net profit for FY21; NPAs zoom
DBS Bank India, which bailed out LVB and in the process increased its network, had reported a post tax net of Rs 111 crore in FY20.
ET Awards' Global Indian Piyush Gupta: Making it big in a country where it’s easier said than done
In September 2009, after 27 years at Citi, Gupta left to take charge of DBS Bank, Singapore, and in 11 years as chief executive, he changed DBS’ culture, making it more digital in its outlook and forcing it to look beyond its home market.
DBS Bank profit rises, infuses $150 million in FY20
Net profit increased led by a 24% growth in revenues to Rs 1,444 crore from Rs 1,165 crore in fiscal 2019.
DBS India swings back to profit in FY19
It reported a net profit of Rs 14.5 crore against a loss of Rs 533 crore a year earlier.
DBS Bank’s FY18 net loss at Rs 533 crore
DBS reported a Rs 533-crore net loss in the year ended March 2018 versus a Rs 13-crore profit a year earlier.
DBS India net profit up 50% on strong loan growth
Loans grew at 24% to Rs 21,838 crore from Rs 17,653 crore in fiscal 2016
DBS Bank's India branches return to profit after incurring losses in 2015
DBS Bank made a net profit of Rs 9 crore, after a loss of Rs 275 crore in 2015 riding on a 11.5% growth in loans and a drop in provisions for bad loans.
DBS India reports Rs 275 crore loss in FY15 on write-offs, provisioning
"Losses have happened due to accelerated provisions and write-offs in the construction and infrastructure space," said Surojit Shome, CEO.
DBS Bank to open 50 branches in India in 3 years
DBS Bank plans to open 50 branches in India over the next 3 years, a move aimed at benefiting from the country's new policy for foreign lenders.
DBS Bank India's net profit up 164% in 2011-12
DBS Bank's India operations net profit for the year ended March 2012 grew by 164% to Rs335.5 crore as against Rs 127.2 crore last year.
DBS seeks licences for eight more branches
Singapore’s largest bank DBS has sought licences for eight more branches in India, seeking concessions extended to the city state under the Comprehensive Economic Cooperation Agreement (CECA) signed between the two countries in 2005.
DBS Group Q4 net profit down 40 percent
DBS Group Holdings, Southeast Asia's biggest bank by assets, said on Friday that fourth-quarter net profit fell 40 percent year on year as weak financial markets hit income.
DBS to raise headcount by up to 25% in India
Singapore-based DBS Bank is going to ramp up headcount by as much as 20-25% in the country even as it is laying off over 500 employees in Singapore and Hong Kong, its key business centres.
Singapore's DBS cuts 900 jobs, reports 38% fall in Q3 profit
Singapore's DBS Group, Southeast Asia's biggest bank by assets, said on Friday it was cutting 900 staff to trim costs amid the global credit crisis, and reported a slump in third quarter net profit.
DBS Group says first quarter net profit down 2.0 per cent
DBS Group said its first-quarter net profit dipped 2.0 per cent from the previous year as trading and capital market activities took a hit from global financial turmoil.
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