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Lakshmi Vilas Bank (LVB)
Results
DBS posts record quarterly net profit of $2.01 bil in 1Q21; maintains dividend of 18 cents per share
It has been “an extraordinary quarter… as we fired on all cylinders,” says DBS CEO Piyush Gupta.
April 30, 2021
Broker's Calls
UOBKH maintains 'hold' on DBS as latter faces legal woes in India due to LVB amalgamation
The next hearing for the case is scheduled on Feb 25.
February 22, 2021
Zest
DBS books a Passage to India as Covid cloud lifts and outlook brightens
DBS's conservative general provisioning and $1 billion in management overlay provide scope for write backs
February 15, 2021
Zest
DBS merger with Lakshmi Vilas Bank approved by Indian cabinet
The amalgamation will be effective as at Nov 27.
November 26, 2020
Broker's Calls
DBS's ratings not immediately affected by takeover of Lakshimi Vilas, says Fitch; bank remains a 'buy' for RHB
As at 12.36pm, shares in DBS are trading 2 cents higher or 0.08% up at $24.44.
November 20, 2020
Broker's Calls
Proposed merger between DBS unit and Indian bank a win-win situation: Jefferies
The proposed merger will transform DBS Bank India into the largest foreign bank by branches and the fifth largest by loans.
November 18, 2020