Tag: SINGAPORE
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Rajat Verma Appointed CEO of DBS Bank India as Leadership Transitions
DBS Bank has appointed Rajat Verma as its new CEO for DBS Bank India, starting March 1, 2025, succeeding Surojit Shome. In 2024, 26 startups in India initiated Esop buybacks, reflecting an upward trend compared to the previous year. On December 31, 2024, it was announced that DBS Bank of Singapore has appointed Rajat Verma…
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Paytm’s Singapore Entity to Divest Stake in PayPay for ₹2,364 Crore
Paytm’s Singapore unit, One97 Communications Singapore, is selling its stake in Japan’s PayPay to Softbank Vision Fund 2 for ₹2,364 crore. This sale is aimed at strengthening Paytm’s cash reserves and focuses on core business operations amid regulatory challenges. PayPay, valued at approximately ₹60,000 crore, holds a significant market share in Japan’s payment services sector.…
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Japanese Banks Stand by Adani Amid International Scrutiny
Japanese banks, including Mizuho, Sumitomo Mitsui, and Mitsubishi UFJ, are committed to supporting Gautam Adani despite US bribery charges, contrasting with a cautious approach from global firms like Barclays and Jefferies, which are reevaluating ties. Adani denies the allegations and reassures lenders and investors. While some US banks have halted efforts to lend, Middle Eastern…
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Mainland Chinese Fintech Firms Expand Operations in Hong Kong for ASEAN Access
Mainland Chinese fintech companies are establishing bases in Hong Kong to access ASEAN markets, with support from the government’s Office for Attracting Strategic Enterprises aiding in local recruitment and collaboration with universities. Mainland Chinese fintech enterprises are increasingly establishing their presence in Hong Kong to gain access to the ASEAN markets. The Office for Attracting…