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Search resuls for: "Navya Mittal Yantoultra Ngui"


2 mentions found


☆ Singapore's DBS expects yearly earnings to beat $7.5 bln in medium term
  + stars: | 2023-05-22 | by ( Navya Mittal Yantoultra Ngui | Navya Mittal | Yantoultra Ngui | ) www.reuters.com   time to read: +2 min
The forecast is 22% higher than the S$8.19 billion annual net profit it achieved in 2022. Its ROE was 15% last year, while its CET1 ratio was 14.6%, according to its 2022 annual report. DBS said faster growth in capital-light high-ROE businesses such as wealth management, global transaction services and treasury market sales will help it achieves its goals. DBS aims to be among the top 10 private sector banks in India, projecting net profit to triple to around S$375 million by 2026, according to the slides. ($1 = 1.3245 Singapore dollars)Reporting by Navya Mittal in Bengaluru; Editing by Sonia CheemaOur Standards: The Thomson Reuters Trust Principles.
☆ Singapore's central bank imposes additional capital requirement on DBS Bank
  + stars: | 2023-05-05 | by ( Navya Mittal Yantoultra Ngui | Navya Mittal | Yantoultra Ngui | ) www.reuters.com   time to read: +2 min
May 5 (Reuters) - The Monetary Authority of Singapore on Friday imposed additional capital requirement on DBS Bank, the banking arm of the country's largest lender DBS Group (DBSM.SI), following the disruption of its banking services in recent months. "Together with the additional capital requirement imposed on DBS in February 2022, this translates to approximately S$1.6 billion ($1.21 billion) in total additional regulatory capital," MAS added. The additional capital requirement for DBS is now a multiple of 1.8 times to its risk weighted assets for operational risk, an increase from the multiple of 1.5 times MAS applied in February 2022 following the November 2021 disruption, according to MAS. MAS has now required a comprehensive review it directed DBS to conduct in March to cover the May incident, MAS said. "The additional capital requirement imposed at this time underscores the seriousness with which MAS treats this matter," she said.
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