The DBS Bank has launched Entrepreneur's Account for new businesses, which are less than six months old.

A new platform has been released by DBS Bank to cater to the growing ranks of Asia's wealthy. This is specially designed DBS Treasures Private Client platform. DBS has launched this platform in a series of initiatives in the wealth space.

There is an ongoing investigation into the collapse of DBS Bank's network. It seems now that the performance of the bank was not able to meet reliability standards which have been laid down by the Monetary Authority of Singapore (MAS).

Banks are the major financial supports and therefore they have to continue their services every time.

Up from 10.3%, DBS Bank is said to have elevated its full-year GDP prediction for Singapore to 13%.

On the back of an extraordinarily burly run in manufacturing production, this is actually because of the record 15.5% year-on-year development in the first quarter.

Recently the Singapore-based DBS Bank declared that its total exposure to Dubai is around $1.28 billion and out of this only $400 million is to the troubled Dubai World. However the bank considers that the situation is manageable.

A statement released Monday by the bank specified that a notable portion of the $1.28 billion exposure is to Dubai government-owned companies functioning in Asia that are sound, including Labroy and South Beach, which is collateralized.

In an open market transaction, Singapore-based DBS Bank today offloaded its entire 2.7% stake in HDFC Bank for Rs 1,291.12 crore, pulling down share prices of the country's second largest private lender over 2 % on the BSE.

A DBS Bank spokesperson said, "DBS has offloaded its entire stake in HDFC Bank as it is an opportune time for divestment. This was a portfolio investment which we had made few years back. We remain committed to India as a focus of our growth plans."

Singapore's DBS Group Holdings announced Friday that since the bank made bigger allowances for bad debt, its net profit in the first quarter fell 28 per cent from the previous year.

DBS confirmed via a statement that in the three months to March, the net profit was 433 million Singapore dollars (295 million US), down from 603 million dollars in the same period last year.

The income of net interest during the first quarter was 1.08 billion dollars, up two per cent from 1.06 billion.