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DBS Bank is a leading global bank with a significant presence in India. It holds the distinction of being the first among large foreign banks in India to operate as a wholly-owned, locally incorporated subsidiary. DBS offers a comprehensive suite of banking services to individuals and businesses across India. These services span personal banking, encompassing savings and current accounts, credit cards, loans, and investment products, as well as wealth management, which includes investment advisory, portfolio management, and financial planning. For institutional clients, DBS provides corporate banking, SME banking, and trade finance solutions. DBS Bank has earned recognition for its innovative digital banking platforms and its dedication to customer service, garnering numerous awards, including “World’s Best Bank” from both Global Finance and Euromoney. A significant development in its India journey was the 2020 acquisition of Lakshmi Vilas Bank, which further strengthened its market position. DBS Bank remains committed to fostering long-term customer relationships and contributing positively to the communities where it operates.

Latest News on DBS Bank India

Regit partners with DBS Data to amplify its targeted automotive marketing strategies.

Regit, a digital garage, and DBS Data, an offline communications and advertising expert, have partnered to revolutionize the way brands in the automotive industry engage with motorists. The partnership aims to leverage Regit’s insights from over four million motorists to deliver personalized, data-driven campaigns. By integrating Regit’s vehicle data with DBS Data’s extensive household database, brands can reach target audiences with pinpoint accuracy.

The partnership will provide comprehensive customer profiles, tailored to meet specific brand objectives, such as targeting car owners considering a switch to hybrid or electric, high-value car owners, or those impacted by Clean Air and Low Emission Zones. This data will help engage drivers looking to transition to a greener, cleaner vehicle. The collaboration will also enable automotive brands to create targeted campaigns for products like insurance, extended warranties, and servicing packages.

The partnership is particularly significant in the transition to electric and hybrid vehicles, with 59% of motorists expected to choose an electric or hybrid as their next car. The data will help automotive brands deliver timely, relevant messaging to support consumers at every stage of the journey, from considering a switch to electric to dealing with Clean Air and Low Emission Zones.

Regit’s head of agency and OEM partnerships, Rob Carnaby, and DBS Data’s head of growth, Dan Barnett, believe that the partnership will unlock new opportunities for brands to connect with drivers in meaningful ways, leveraging Regit’s insights and DBS Data’s expertise to deliver tailored campaigns. The partnership will enable brands to reach the right audiences with the right messages at the right time, supporting EV adoption, aftersales services, and more.

DBS Bank launches operations in Coimbatore, India

DBS Bank India has opened its 16th branch in Coimbatore, Tamil Nadu, which will offer a range of services to High Net Worth (HNI) clients, Small and Medium Enterprises (SMEs), and large corporates. The branch, located on Avinashi Road, will provide a full suite of offerings, including current account services, trade and FX solutions, and working capital facilities. The bank aims to tap into Coimbatore’s thriving textile, engineering, and automotive industries, and its growing real estate market.

The branch will also cater to NRI and private banking clients through its DBS Treasures proposition, which includes a comprehensive suite of bespoke benefits and cross-border solutions. Small businessmen, including those in export-oriented enterprises, can leverage DBS’s deep Asian network, as the largest bank in Southeast Asia.

The bank will also offer a unique product, Consumer Loan Against Property (CLAP), to meet the growing demand for loans against residential and commercial assets. Additionally, the branch will service the city’s retirees and pensioners with its customized proposition, “DBS Golden Circle,” which includes higher deposit rates, discounts on lockers and other products, as well as healthcare benefits, cyber insurance protection, and a 24/7 banking helpline.

Managing Director & Head of National Distribution, Bharath Mani, said that Coimbatore’s diverse business environment, growing internet and mobile penetration make it a strategic center for DBS. The bank’s physical and digital network empowers customers to “Live more, Bank, less,” and the bank looks forward to being the bank of choice for clients, including HNIs, SMEs, export-oriented enterprises, and older citizens across Coimbatore.

Seventeen and a half buildings of DBS Realty were taken over by government authorities due to non-payment of property taxes.

The Brihanmumbai Municipal Corporation (BMC) has launched a crackdown on commercial establishments and real estate developers with significant property tax arrears. The move aims to seize and auction properties with outstanding dues. The first instance of this was reported on January 18, when the BMC served notices to DBS Realty and other leading companies under Section 203 of the Mumbai Municipal Corporation Act. The latest development is the seizure of 18 properties of DBS Realty at Sangharsh Nagar in Kurla, with a total outstanding property tax of ₹178.64 crore. If the company fails to pay its outstanding dues within 21 days, the property will be seized and auctioned.

The joint municipal commissioner of the assessment and collection department, Vishwas Shankarwar, said that the notice was served on Friday, and if the developer fails to pay its outstanding dues, the property will be seized, and the title on their property card will not be cleared until the property tax is cleared. The goods on the property will subsequently be auctioned.

The BMC has set a tax collection target of ₹6,200 crore for the financial year 2024-25. As of February 12, 2025, the civic body has collected ₹4,823 crore. The remaining tax collection of ₹1,377 crore needs to be done by March 31, 2025. Despite several attempts, the Hindu newspaper was unable to contact DBS Realty for comments on the matter. This move by the BMC is part of its efforts to recover outstanding property tax dues from defaulters.

The company allocates $32 million for employee bonuses, a gesture of appreciation for their hard work.

DBS, a leading financial services group in Asia, has announced that it will be setting aside $32 million to reward its employees through an upcoming bonus scheme. This move is part of the bank’s efforts to recognize and incentivize its staff for their hard work and contributions to the company’s success.

The announcement was made by DBS CEO, Piyush Gupta, who emphasized the importance of employee engagement and motivation in driving business growth. The bonus scheme is designed to motivate employees to deliver high-quality service, innovate, and take ownership of their roles, ultimately benefiting the company and its customers.

The $32 million allocation is a significant amount, demonstrating DBS’s commitment to its employees. As a leading player in the financial services industry, DBS is known for its innovative and customer-centric approach, and this bonus scheme is seen as a key aspect of its overall rewards strategy.

The bonus scheme is expected to benefit over 10,000 employees, covering a range of roles, from customer service representatives to back-office staff. This move is not only a testament to DBS’s recognition of its employees’ value but also a reflection of its commitment to transparency and fairness.

The timing of the announcement is also significant, as it coincides with the company’s brand refresh and rebranding efforts. DBS has been undergoing a transformation, focusing on digital transformation, innovation, and sustainability. The bonus scheme is seen as a key part of this strategy, as it aims to drive engagement, morale, and motivation among employees who are crucial to delivering the company’s goals.

In conclusion, DBS’s decision to set aside $32 million for employee bonuses is a clear indication of its commitment to recognizing and rewarding its employees. This move is likely to boost morale, increase job satisfaction, and drive business performance, ultimately benefiting both the employees and the company. As DBS continues to evolve and grow, this bonus scheme will play a crucial role in empowering its employees to deliver exceptional service and drive success.

DBS CEO Piyush Gupta warns that 2025 will be a choppy year due to ongoing US tariffs and interest rate uncertainties.

DBS CEO Piyush Gupta has warned that 2025 is likely to be a “choppy year” due to uncertainties surrounding US tariffs and interest rates. Speaking at a forum, Gupta said that the lack of clarity on these two fronts will likely disrupt global trade and investment flows, making it difficult for companies to make long-term plans.

According to Gupta, the US tariffs on Chinese imports, which are currently in effect, are already causing problems for global supply chains and businesses. The tariffs are likely to be maintained or increased in 2025, leading to further disruption and uncertainty for companies.

Meanwhile, interest rate decisions by the US Federal Reserve will also be a major challenge for businesses. Gupta believes that the Fed may hike interest rates in 2025 to control inflation, which could lead to higher borrowing costs and a tightening of credit. This could potentially slow down the global economy, especially for industries that are highly leveraged and reliant on borrowing.

Gupta also mentioned that the upcoming Chinese leadership reshuffle and potential changes to economic policies in Beijing will also impact the global business environment. However, he expressed optimism about Asia’s overall resilience and ability to adapt to changes, citing DBS’s experience in navigating multiple economic crises in the region.

In addition, Gupta highlighted the importance of Asia’s economic resilience, particularly its large consumer market, high savings rates, and significant government finances. He believed that Asia will continue to play a key role in driving global economic growth and that DBS is well-positioned to support its clients through the uncertainties of 2025.

In terms of strategies to navigate the uncertain environment, Gupta advised companies to diversify their revenue streams, maintain strong liquidity, and have a robust digital transformation strategy. He also encouraged businesses to remain nimble and adaptable, focusing on sustainability, innovation, and building strong relationships with customers.

Overall, Piyush Gupta’s comments paint a picture of a complex and challenging global business environment in 2025. However, his optimism about Asia’s resilience and DBS’s ability to support its clients highlights the importance of being prepared to adapt and evolve in response to changing circumstances.

DBS Hong Kong partners with Netflix-backed chef to debut a new culinary experience

DBS Bank Hong Kong has launched a new marketing initiative aimed at its wealth clients, introducing a unique dining experience program called DBS Culinary Delights. This innovative program marks the bank’s entry into the culinary space, catering to the growing demand for exclusive and unique experiences among its high-net-worth individuals. To kick off the program, DBS has partnered with Chef Edward Lee, a rising star in the culinary world and runner-up in Netflix’s popular cooking competition, Culinary Class Wars. This marks a first-time collaboration between a bank and a Netflix chef, highlighting the bank’s commitment to offering its clients unparalleled experiences.

The initiative is a strategic move by DBS to cater to the discerning tastes of its wealth clients, who are becoming increasingly selective and aspirational. By offering unique and memorable experiences, the bank is looking to differentiate itself from traditional banking services and position itself as a trusted partner for its high-net-worth clients. Through DBS Culinary Delights, the bank aims to provide its clients with a more holistic and personalized experience, beyond traditional financial services.

The partnership with Chef Edward Lee is a key element of the program, offering clients the opportunity to engage with a celebrated chef and enjoy a one-of-a-kind dining experience. This unique collaboration will allow clients to attend exclusive culinary events, workshops, and cooking classes, all designed to showcase the best of international and local cuisine. The program is designed to appeal to the bank’s wealth clients, who are looking for exclusive experiences that elevate their lifestyle and reflect their refined tastes.

By entering the culinary space, DBS is positioning itself as a leader in the banking industry, offering its clients a new and exciting way to engage with the brand. The bank’s willingness to innovate and push boundaries has led to the launch of DBS Culinary Delights, a new benchmark for the banking industry. With this initiative, DBS is poised to take its place alongside other luxury brands that offer top-notch experiences to their clients, further solidifying its position in the competitive Hong Kong market.

Swap your BMW M4 for a V12 Aston Martin and experience the thrill of a manual transmission supercar.

A rare opportunity for car enthusiasts, a 2009 Aston Martin DBS Coupe with a 6-speed manual transmission and V12 engine is up for grabs on Cars & Bids. The car, with only one owner and 53,300 miles, features a unique combination of luxury, performance, and exclusivity.

The DBS was a rebirth for Aston Martin, introduced after 20 years of Ford ownership. It was built on a new platform and featured a new engine, marking a return to form for the British marque. This specific model, painted in Tungsten Silver, has a sleek design and 20-inch wheels, along with carbon ceramic brakes and a bespoke interior.

One of the rarest aspects of this car is its manual transmission, a departure from the automatic transmissions typically seen in high-performance vehicles. Aston Martin’s MSRP for the car was $277,640, making the current bid less than half that amount.

Although the car is not perfect, with some mileage-related wear, it is an incredible value. The V12 engine, mated to three pedals, is a rare and exciting combination that is hard to find in production cars. In fact, buyers may need to look to a bespoke manufacturer, such as Gordon Murray Automotive, to find an equivalent combination at a similar price point.

Aston Martin’s V12 engines are known for their performance, and this 6-speed manual transmission DBS Coupe is an opportunity for driving enthusiasts to own a piece of history. The auction has four days left to run, providing a chance to snag this remarkable vehicle at an unbeatable price.

Detroit-born education hub dBs Manchester reveals its 2025 Industry Week agenda

The dBs Institute of Sound & Digital Technologies in Manchester has announced its program for Industry Week 2025, a week-long series of workshops, talks, and networking events taking place from February 10th to 15th. The event is open to students at the institute’s Manchester campus and features a range of industry professionals and experts.

The program includes a workshop on songwriting and production with MC OneDa, a panel discussion on the music industry with Manchester artists Akemi Foxx and J Chambers, and an “In Conversation” session with Jeremy Pritchard of the band Everything Everything. Other highlights include a live podcast recording with BBC 6Music’s Chris Hawkins, a live A&R feedback and advice session with Luke Burrowes of Bigger Picture Entertainment, and panels on marketing, branding, and PR, as well as brand immersion in games.

The event aims to introduce students to the full range of the music and sound industries, providing them with valuable insights, ideas, and connections. The institute’s Industry & Employability Lead, Damian Morgan, expressed his pride in the event, stating that it celebrates the creativity, dedication, and talent of the students and staff, and will generate connections, inspiration, and opportunities.

Industry Week is a unique opportunity for students to learn from and network with industry professionals, gaining valuable insights and experiences that will help them in their future careers. The event is a testament to the institute’s reputation as a hub for creativity and innovation, and its commitment to providing students with the skills and knowledge they need to succeed in the music and sound industries.

New DBS Vantage Card offers a generous 60,000-mile sign-up bonus

The DBS Vantage Card is offering a new-to-bank primary credit card holder a sign-up bonus of up to 60,000 miles, with a minimum spend requirement of S$4,000 in the first 30 days. This offer has been extended until 28th February 2025, with approval required by 14th March 2025.

The bonus miles structure is as follows:

* New-to-bank primary credit card holders: 60,000 miles (25,000 miles for meeting the annual fee payment + 35,000 miles for meeting the S$4,000 spend criteria)
* Existing DBS/POSB primary cardholders: 25,000 miles (payment of annual fee only)

To qualify, applicants must be new-to-bank customers, defined as those who do not currently hold any principal DBS/POSB credit card and have not cancelled any principal DBS/POSB credit card(s) within the last 12 months.

The bonus miles will be awarded in addition to regular miles earned, with a total earning of at least 46,000 miles as an existing customer or 66,000 miles as a new customer, assuming local spend. The miles can be transferred to Singapore Airlines KrisFlyer, Cathay Pacific Asia Miles, Qantas Frequent Flyer, or Air Asia BIG Points.

The DBS Vantage Card also offers regular earn rates of 3.75 DBS Points (7.5 miles) for every S$5 in local currency spend and 5.5 DBS Points (11 miles) for every S$5 equivalent on foreign currency transactions. Cardholders also receive a Priority Pass membership, entitling them to 10 free lounge visits per year, and a complimentary Accor Plus Explorer membership, which includes benefits such as Accor Live Limitless Elite Silver status and a complimentary night at an Accor property in the Asia-Pacific region each year.

The annual fee for the DBS Vantage Card is S$599.50, with a 25,000 miles bonus credited each year on payment of the annual fee. The card also has a cost per mile of 2.40 cents if you don’t meet the S$4,000 spend requirement, but drops to 1 cent per mile if you meet the spend criteria.

Overall, this offer provides a significant opportunity to earn a large number of miles at a cost of 1 cent each, making it a good option for those who meet the spend criteria and are looking to earn a large stash of miles.

DBS/POSB introduces a limited-edition Mandarin Orange home scent to celebrate the Lunar New Year, a unique and festive way to welcome the holiday season.

In celebration of Chinese New Year, DBS/POSB has launched a limited-edition home scent called Abundance. Created in collaboration with Singapore-based creative agency The Secret Little Agency, the scent features a light and citrusy fragrance, reminiscent of mandarin oranges. The scent aims to embody the warmth and freshness of Chinese New Year traditions.

To redeem Abundance, customers can send an eGift or load a QR Ang Bao (of at least $8) via DBS PayLah! until February 5. They will need to take a screenshot of the completed transaction and visit one of the designated redemption locations, which include Westgate, One Punggol, Our Tampines Hub, and River HongBao at Gardens by the Bay. Each PayLah! user can only redeem one bottle of Abundance.

In addition to the limited-edition scent, DBS/POSB is also running a $8,888 Abundance Giveaway. To participate, customers need to send an eGift or load a QR Ang Bao (of minimum $8) on the PayLah! app and keep their total cash withdrawals below $500 during the giveaway period. Over 1,000 prizes, including $8,888 and $88, are up for grabs. The giveaway ends on February 18.

This is not DBS/POSB’s first foray into scents. Last year, the bank celebrated Chinese New Year by bottling the scent of “huat” (prosperity in Hokkien), which they called Huat Eau de Parfum. The scent was designed to embody the spirit of abundance and good fortune.

The banking giants DBS and OCBC are poised for a significant increase in net profits during the fourth quarter.

According to UOB Kay Hian, DBS Group Holdings and Oversea-Chinese Banking Corporation (OCBC) are expected to report net profit growth for the fourth quarter of 2024. However, the growth will be weaker than in the previous quarter. DBS is forecasted to report a 12% year-on-year (YoY) growth, but 16% quarter-on-quarter (QoQ) lower than in Q3. The quarterly dividend is expected to increase by 6 Singapore cents to 60 cents. DBS’ loan growth is muted at 2% YoY, but fees are expected to rise 16% YoY, driven by a 54% YoY increase in wealth management contribution, which will however be 6% QoQ lower.

OCBC, on the other hand, is expected to report an 8% YoY net profit growth, but 11% QoQ lower. The bank may increase its final dividend by 9.5% YoY to 46 Singaporean cents for the second half of 2024. Its wealth management contribution is expected to grow 18% YoY but decline 6% QoQ. Net interest margin (NIM) may ease 13 basis points (bp) YoY and 2 bp QoQ to 2.16%, while net interest income could decline 1.1% YoY during the quarter.

Overall, while both banks are expected to report net profit growth, the growth is expected to be weaker than in the previous quarter. The strength of the US dollar and Hong Kong dollar is supporting loan growth, while fees are expected to rise driven by wealth management. NIM compression has been delayed to Q1 2025 due to the US Federal Reserve cutting interest rates.

We are upgrading our target price for DBS Trims CHINA OVERSEAS (00688.HK) to $15.3, driven by a steady pre-sales outlook.

DBS Group Research has recently released a research report that Downgrades the target price for China Overseas Holdings Limited (00688.HK) to HK$15.3 from the previous estimate. The change comes after a thorough analysis of the company’s recent performance and prospects.

The main reason for the downgrade is that the research firm has lowered its expectations for pre-sales, a key indicator for the Chinese real estate industry. Despite a strong start to the year, DBS now forecasts a stabilizing pre-sales trend, indicating a less severe slowdown in the overall market. According to the research report, DBS has attributed this trend change to increased optimism among potential homebuyers due to lower debt-to-income ratios and tighter financial regulations.

Moreover, the DBS analysts emphasize that although China’s property market is still facing significant headwinds, a contraction in pre-sales growth has become more predictable. Furthermore, the market continues to demonstrate an increasing acceptance of government’s restrictions on lending, as buyers take advantage of higher prices before tightening credit rules go into effect.

It’s also worth noting that the current China Overseas Holding’s net asset value remains impressive, supporting DBS’s adjusted target price at HK$15.3, down 21% from its previous recommendation of HK$19.1.

Overall, while DBS sees some cause for optimism, particularly in pre-sales trends, their assessment for China’s overall real estate market suggests another year of contraction, following the previously-expected one. The new adjusted target price remains at a slight premium, making China Overseas Holdings Limited potentially an attractive holding for those focused on high-end real estate projects in mainland China.

I believe the best place to put a stop on these news article can be news agency websites and various real estate information websites that interested in reporting economic and finance trends in mainland China.