Lakshmi Vilas Bank (LVB)

DBS posts record quarterly net profit of $2.01 bil in 1Q21; maintains dividend of 18 cents per share - THE EDGE SINGAPORE

Results

DBS posts record quarterly net profit of $2.01 bil in 1Q21; maintains dividend of 18 cents per share

DBS Group Holdings has reported net profit of $2.01 billion for the 1QFY2021 ended March, making it the first time that the bank has crossed $2 billion in its quarterly earnings.

UOBKH maintains 'hold' on DBS as latter faces legal woes in India due to LVB amalgamation - THE EDGE SINGAPORE

Broker's Calls

UOBKH maintains 'hold' on DBS as latter faces legal woes in India due to LVB amalgamation

UOB Kay Hian analyst Jonathan Koh has maintained his “hold” call on DBS Bank with a lower target price of $29.20 from $29.30 after the latter found itself embroiled in lawsuits in India arising fro

DBS books a Passage to India as Covid cloud lifts and outlook brightens  - THE EDGE SINGAPORE

Banking & finance

DBS books a Passage to India as Covid cloud lifts and outlook brightens

Bank failures carry systemic risks. Recall in 2008, the failure of Lehman Brothers setting off a chain reaction that resulted in the Global Financial Crisis.

DBS merger with Lakshmi Vilas Bank approved by Indian cabinet - THE EDGE SINGAPORE

Banking & finance

DBS merger with Lakshmi Vilas Bank approved by Indian cabinet

The government of India has, on Nov 25, formally approved the scheme of amalgamation of DBS India and Lakshmi Vilas Bank.

Broker's Calls

DBS's ratings not immediately affected by takeover of Lakshimi Vilas, says Fitch; bank remains a 'buy' for RHB

The proposed takeover of troubled Indian bank, Lakshmi Vilas, by DBS India, is not large enough to affect DBS’s credit ratings, says Fitch Ratings, in a non-rating action commentary.

Proposed merger between DBS unit and Indian bank a win-win situation: Jefferies - THE EDGE SINGAPORE

Broker's Calls

Proposed merger between DBS unit and Indian bank a win-win situation: Jefferies

Jefferies has deemed the proposed merger between DBS Bank India and Lakshmi Vilas Bank (LVB) as a win-win situation for both banks.

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