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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.
Why the rupee remains under pressure despite lower CAD?
The Indian rupee has depreciated significantly this year and is expected to weaken further due to global conditions. Despite improvements in the current account deficit, ongoing foreign portfolio outflows create pressure on the currency. High crude oil prices continue to inflate the import bill, exacerbating the rupee's depreciation. Recent interventions by the Reserve Bank of India aim to stabilize the currency amidst these pressures.
Global Market: Asian currencies slide as hot US inflation fuels Fed rate hike bets; won hits two-week low
Emerging Asian currencies weakened as hotter-than-expected US inflation revived Federal Reserve rate hike concerns, boosting the dollar and triggering a sell-off in AI-linked stocks. South Korea's won, Taiwan dollar, Philippine peso and Indonesian rupiah came under pressure amid capital outflows and rising borrowing costs.
Barclays plans India equity advisory return after a decade
Barclays plans to restart its equity capital markets business in India after nearly a decade, targeting the country’s booming IPO market. Strong fundraising demand, robust retail investment flows and startup growth offer opportunities. With hundreds of companies awaiting IPO approvals, the bank aims to expand its equity advisory and underwriting services.
RBI steps in to support rupee as currency nears record low; tightens forex rules
The Reserve Bank of India has announced new measures aimed at stabilizing the rupee's value in foreign exchange markets. These measures include tightening foreign exchange derivative norms and creating a special window for oil marketing companies. By implementing a cash reserve requirement for large forex derivatives, the central bank seeks to curb speculative dollar demand. The impact of these interventions is expected to affect the rupee's value and forward premiums.
More RBI rate hikes loading? Decoding what Malhotra's 'caliberated tightening' stance means
The Reserve Bank of India has increased the repo rate to 5.50% after maintaining it for several months. This shift to a calibrated tightening stance indicates a focus on controlling inflation risks. Retail inflation rose recently, prompting the central bank to adjust its policy outlook for the future. While growth remains firm, inflation now takes priority in decision-making.
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A-One Steels India allotment likely today: GMP signals 7% listing gain. Here’s how to check status
The Rs 405-crore A-One Steels India IPO is expected to finalise its share allotment today. Once the allotment is announced, investors will be able to check online whether they have been allotted shares. The company’s stock is tentatively scheduled to list on both the BSE and NSE on October 1, 2026.
Stocks in news: Tata Group, ITC, IRFC, NCC, Zydus Lifesciences and JSW Energy
The Indian equity markets faced a significant downturn, with benchmark indices slipping past vital support thresholds. The Nifty 50 saw a decline of 360.25 points, reflecting increased investor anxiety. Key players like Tata Group, ITC, and Indian Railway Finance Corporation draw attention following recent news. Analysts suggest that if the market falls further below these critical levels, the correction may continue.
Clean Max Enviro bulk deal: Augment India divests stakes worth Rs 1,096 crore; Goldman Sachs, HSBC India among buyers
Augment India I Holdings sold 85.03 lakh Clean Max Enviro Energy Solutions shares worth about Rs 1,096 crore through NSE bulk deals. Goldman Sachs, HSBC and ICICI Prudential Life Insurance were among the buyers, while brokerages retain positive views on CleanMax.
Rupee sways with oil and intervention cues, keeping traders light-footed
Traders pointed to media reports stating that Iran had offered to reopen the Strait of Hormuz, a key energy artery,if the US eases military pressure and lifts its blockade.
Bond yields could rise to 7.5% on crude, inflation pressures
Domestic bond yields may rise as much as forty-five basis points. Elevated crude prices and rising inflation expectations weigh on sentiment. The Reserve Bank of India's open market operation sales will increase bond supply. This action drains surplus liquidity from the financial system. Bond traders anticipate yields could reach around seven point five zero percent.
BRICS has the oil jackpot. Now comes the hard part
BRICS is gaining weight in global energy markets as its 11 members include major oil producers such as Russia, Saudi Arabia, Iran and the UAE, along with major consumers India and China. The grouping accounts for roughly 41-47% of global crude oil production, but differences among members make a common energy policy difficult.
The $1 trillion AI 'arms race' is fueling a hidden supercycle and it's not just chips
DBS Bank says the global AI arms race is driving a multi-year capex supercycle extending beyond semiconductors into energy, networking, infrastructure and data centres. The bank expects AI spending, sovereign AI investments and rising power demand to create new investment opportunities while reshaping portfolio allocation amid geopolitical risks and persistent inflation.
Singapore's top banker Piyush Gupta leaves DBS Bank
Piyush Gupta stepped down as DBS Bank's CEO after 15 years, with Tan Su Shan succeeding him as the first female CEO. Under Gupta, DBS achieved significant milestones including being named the World's Best Bank multiple times. DBS saw impressive financial growth and a record performance in 2024 despite some challenges, such as digital disruptions.
DBS Bank CEO Piyush Gupta earns SGD 17.58 mn in 2024; to leave this month
Piyush Gupta received SGD 17.58 million in total pay for 2024 as DBS Group's CEO, before his scheduled retirement in March 2025. Under his leadership, DBS achieved record net profits and a high return on equity. Gupta's digital transformation strategy earned high board appraisal, with significant growth in market capitalization and customer base.
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 Bank India eyes double-digit growth in loan book, profit
"We have seen demand from FAB & storage space and infrastructure. The diversification in Asian supply chains and shift to China-plus is another big opportunity," said Niraj Mittal, head - Institutional Banking Group, DBS Bank India.
View: DBS will take from Citi to take on Grab
Grab’s record $40 billion merger with a blank-check company gives it balance-sheet muscle, which it is bound to flex against DBS.
DBS faces potential culture clash as it scoops up distressed Lakshmi Vilas Bank
LVB, facing mounting bad loans and governance issues and a failure to secure capital, is set to be folded into DBS's Indian subsidiary under a plan proposed by India's central bank, which took control of the 94-year old Chennai-based lender on Tuesday.
With Lakshmi Vilas deal, DBS faces potential culture clash
LVB, facing mounting bad loans and governance issues and a failure to secure capital, is set to be folded into DBS's Indian subsidiary under a plan proposed by India's central bank, which took control of the 94-year old Chennai-based lender on Tuesday, citing a "serious deterioration" in its finances.
The reasons behind the fall of Lakshmi Vilas Bank
The mounting of NPAs started from the second half of 2017 largely due to economic distress as well as management failures of several companies. The successive net losses from September 2017 quarter along with asset quality concerns took the fizz away from the bank.
Ruchi Soya hits upper circuit as Patanjali set to infuse Rs 3,438 crore
The company said that Patanjali group will infuse Rs 204.75 crore as equity.
For DBS, the woods are just dark and deep
Bad loans rose from the previous quarter to 1.5%, the bank said in its June earnings report.
Jio, Vivo in race for team India sponsorship rights
DBS Bank roped in Sachin Tendulkar last year as its brand ambassador and believes this sponsorship will help the company establish its brand deeper in the Indian market.
IFC eyes 9.92% in Chola DBS
International Finance Corporation (IFC), the private financing arm of World Bank, has proposed to pick up 9.92% stake in Cholamandalam DBS Finance, part of Murugappa group, for Rs 100.23 crore.
Cholamandalam to divest nearly 10% stake to IFC
The company said in a release that it would issue 1,08,93,852 fresh shares at a price of Rs 92 per share.
Stocks to watch: Hero Honda, ITC, Tata Motors, Orchid Chemicals, Cholamandalam DBS Finance
Hero Honda declared its highest dividend yet on Tuesday, and held out the possibility of another payout next month, part of the company’s push to reward shareholders as it celebrates its silver jubilee this year.
Sabre Cap, Temasek eye DBS Chola
Rana Talwar’s Sabre Capital, backed by private equity giant Temasek, is in talks with Cholamandalam DBS Finance (CDFL) to take over the latter’s mutual fund company - DBS Cholamandalam Asset Management.
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