Dbs Report
DBS posts record quarterly profit, sees 2025 dip from tax changes
The bank also announced that its board had established a new share buyback programme of S$3 billion
 "DBS posts record quarterly profit, sees 2025 dip from tax changes")
DBS CEO Piyush Gupta's total pay declined 27% to $8.3 million in 2023
In 2022, Gupta received a salary of SGD 15.4 million
 "DBS CEO Piyush Gupta's total pay declined 27% to $8.3 million in 2023")
DBS Bank India appoints Rajat Verma as MD, Head of Institutional Banking
Rajat Verma will be taking over from Niraj Mittal, who will take charge as the country head of DBS Bank in Australia
 "DBS Bank India appoints Rajat Verma as MD, Head of Institutional Banking")
DBS Bank India seeks three-fold jump in gold loan portfolio in 5 yrs: Exec
Lender's amalgamation with Lakshmi Vilas Bank expanded its reach in South India
 "DBS Bank India seeks three-fold jump in gold loan portfolio in 5 yrs: Exec")
DBS Group bullish on India, to grow through 'phygital' model, says CEO
DBS Group is bullish about business opportunities in India and has employed a phygital strategy, offering best-in-class digital capabilities to customers supported by a strong physical network
 "DBS Group bullish on India, to grow through 'phygital' model, says CEO")
India's Q2 GDP data crucial, rupee to decline further on weak numbers: DBS
India's industrial production contracted sharply by 4.3 per cent Y-o-Y in September against the 2.5 per cent consensus. August's contraction was revised down to 1.4 per cent from 1.1 per cent.
 "India's Q2 GDP data crucial, rupee to decline further on weak numbers: DBS")
Prudent spending, higher revenue may revive Indian economic growth: DBS
Moody's decision to change the outlook to negative reflects increasing risks that economic growth will remain lower
 "Prudent spending, higher revenue may revive Indian economic growth: DBS")
Job confidence, not tax cuts, will help boost consumption spend: DBS
The govet had last month announced a ten percentage point cut in corporate taxes, to get Indian levies at par with others, to spur investments.
 "Job confidence, not tax cuts, will help boost consumption spend: DBS")
DBS lowers India's FY20 GDP growth to 6.2%; expects another rate cut in Dec
Real GDP slowed to 5% year-on-year in 2Q (first quarter of FY20) from the first quarter's 5.8%, below DBS' sub-consensus and market expectations
 "DBS lowers India's FY20 GDP growth to 6.2%; expects another rate cut in Dec")
Sovereign bond yields to consolidate ahead of monetary policy review: DBS
The Reserve Bank's next policy review meet is scheduled to be held from August 5th to 7th
 "Sovereign bond yields to consolidate ahead of monetary policy review: DBS")
Indian banks showing positive signs but fundamentals still weak: DBS report
Overall, most banks showed a reduction in gross non-performing loans (NPLs) and lower formation of new NPLs
