Many small private banks and SFBs are, indeed, providing noticeably higher interest rates on savings accounts in comparison to prominent private and public sector banks.
Reliance Industries has partnered with DBS Bank India to launch a financing program for compressed biogas (CBG) plants. The collaboration aims to facilitate the development of an ecosystem for vendor partners to aggregate agricultural residue as inputs for Reliance s CBG production plants across India. The financing program is designed to make the CBG supply chain competitive and achieve enhanced commercial scale.
Singapore News - A couple looking to earn some money from selling their furniture ended up losing $45,000 of their savings instead. Civil servant Singh, 35, told Lianhe Zaobao that he had In October seen a Facebook advertisement looking to buy second-hand furniture. He contacted the. Read more at www.tnp.sg
Sumitomo Mitsui Banking Corporation (SMBC) has appointed Sandeep Chopra as its head of corporate clients in India. Chopra, a 30-year-old corporate banker, will be based in Mumbai and will report to SMBC s chief business officer, Rakesh Garg. SMBC, one of the largest Japanese banks, plans to focus on the Asia Pacific region, with India being crucial for its growth strategy.
Following a series of digital disruptions this year, DBS has issued an apology and laid out a roadmap to improve technology resiliency. What can banks learn from these challenges?