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Asia's Safest Bank Offers FD Returns Up To 6.50% For General and 7% For Senior Citizens

DBS Bank is a leading financial services group in Asia with a presence in 18 markets. It is headquartered and listed in Singapore. The bank's "AA-" and "Aa1" credit ratings are among the highest in the world and this is the ...

Lakshmi Vilas Bank Shares Suspended From Trading From 26 Nov

The National Stock Exchange (NSE) said in a statement that trading in shares of the ailing Lakshmi Vilas Bank will be suspended from Thursday, 26 November 2020. "Members of the Exchange are hereby informed that the trading in equity shares of Lakshmi ...

Lakshmi Vilas Bank Placed Under Moratorium, Withdrawals Capped At Rs. 25000

The private sector lender Lakshmi Vilas bank has been placed under moratorium which is effective 6 pm, November 17 till December 16. The moratorium has been enforced based on the application submitted by the apex bank under section 45 of BR ...

DBS Lowers India's GDP Growth Projection For FY20 To 6.8%

DBS Bank has revised its GDP (gross domestic product) growth forecast for India for the financial year 2019-20 to 6.8 percent on a year-on-year basis, from the earlier 7 percent, citing a more challenging trade outlook for the economy. "Growth headwinds ...

6 Best Bank Savings Accounts in India Based on Interest Rates

A savings account is one of the basic needs today. It is the equivalent of holding a safety box to store all your cash that only you have access to. Apart from the security prospect, we all look for a certain interest ...

India Foreign Exchange Enough To Cushion Against Any Vulnerability: DBS

In the September month, Indian foreign exchange touched a whopping mark of US$402.5 billion which as per the Development Bank of Singapore is good enough to combat any external vulnerabilities. In a report on Indian bank, the financial services major ...

Credit-deposit ratio unlikely to slip under 75% this fisc:DBS

Though both credit and deposit growth hit new lows in FY 2014 at 13.4 per cent and 14 per cent respectively, the credit-deposit ratio of banks is unlikely to ease below 75 per cent, says Singaporean brokerage DBS. According to ...