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DBS India’s proposed takeover of a cash-strapped Indian bank

I refer to the news about DBS India’s proposed takeover of a cash-strapped Indian bank.

There are mixed reactions from different people and different quarters and I have very strong reservations about it too.

On paper, it maybe an opportunity too good for DBS to miss, that it offers DBS an opportunity to further tap into the growing middle class market in India, that it will enable DBS India to inherit the customer base and branches of Lakshmi Vilas Bank (LVB) and further entrenched itself in the vast Indian market etc but reality, often times is such that in theory, theory and practice are very different.

I ask if LVB is so attractive, who are the other white knights vying for it? One more, two more, three more or only DBS and no more?

Next, why did the India Central Bank turned to a foreign lender to rescue a failing local bank and not some other Indian banks? Doesn’t turning to other Indian banks make more commercial and security sense for them and many other questions…

DBS, Temasek Holdings and the Singapore Government must never, never, never be overconfident, blinded by greed, naivety, yes, naviety, sweet seduction or ‘influenced’ by anybody into this venture. Expediency perhaps?

Our CECA experiences with India hold many lessons. Singapore got the much shorter end of the stick that led to so much unhappiness, bitterness for our people and disadvantaged our PMEs a great deal in our own small job market etc alearly. Did those book smart pap ministars learned nothing from that experience?

If the deal should go through and in a worst case scenario, I would like to ask DBS, Temasek Holdings and the Singapore Government how much money are they prepared to lose before they will throw in the towel and call it quits. S$50 billion or S$100 billion or what?

Those are valid questions that concern our country and our people and Singaporeans have every right and interest to ask and know.

I am disappointed that so far, no pap supporter has the brain, gumption or is concerned enough to raise any questions about this LVB takeover proposal publicly. It once again proves to me that being blind sucking suckers is much easier than being caring and critical thinking citizens. So sad.

Think.

 

Simon Lim

 

 

yyy
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14 Responses to “DBS India’s proposed takeover of a cash-strapped Indian bank”

  • xoxo:

    Hahaha!
    Motherland,mah?
    Who is CEO of Damn Bloody Stupid Bank?
    Last time,when CEO was Chinese-american,DBS promoted LEHMAN MINI-BOND$ and many local long-time DBS STAFFERS were blamed for *pushing sales* to customers and got replaced by *RAIDER* KOH BOON HWEE as CHAIRman?

    Expect more of the same,rin$e and repeat.
    How stupid!
    Why last time WHEN POSB was the kampong bank,ATMs seldom break down?
    Nowadays,a lot of ATMs break down,whichever branch i went to especially in heartlands.
    Seem like they heck care low-class kampong customers from legacy-POSB?

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  • Win, bonus, lose, ...:

    Win is more bonus.
    Lose is people’s money.

    Like that, you gamble or not?

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  • TUMASIK Patriot:

    xoxo:
    Hahaha!
    Motherland,mah?
    Who is CEO of Damn Bloody Stupid Bank?
    Last time,when CEO was Chinese-american,DBS promoted LEHMAN MINI-BOND$ and many local long-time DBS STAFFERS were blamed for *pushing sales* to customers and got replaced by *RAIDER* KOH BOON HWEE as CHAIRman?

    Expect more of the same,rin$e and repeat.
    How stupid!
    Why last time WHEN POSB was the kampong bank,ATMs seldom break down?
    Nowadays,a lot of ATMs break down,whichever branch i went to especially in heartlands.
    Seem like they heck care low-class kampong customers from legacy-POSB?

    The BODY & MIND is here for the MONEY…the Soul and Heart is In Mother India lah! that is Gupta!!!…NOT his Money what!!!

    The Idiots LEEding the way is Blind and Living in a delusive ILLUSION that you can Buy Loyalty…after all, did NOT the Father & Son an Evil Joke of DNA say will a Malay point his Gun at Malaysia or Fly a F16 to Bomb them???…if they Don’t it is NOT WRONG as we were Once ONE…

    BUT MONEY & ECONOMY??? that is a Different ‘thing’ “THINK!!!”

    NOT Forgetting the Athletes- Actors & Actress too

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  • #08-193 fatties:

    Don’t understand why want to go India. As on foreign Indian told me :”India is a very poor country.”

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  • avejoe:

    Looks like another similar ex-shincorp-thai debacle playing itself out again this time round in india to entice those pea brain blinded by greed.

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  • Halimah Totally USELESS:

    DBS run and managed by CERCA Ah Nehs from top to bottom, how not to support their own countryman ???
    And this person who so confidently state that DBS buying by a money losing and heavily in debt Ah neh bank is a sure win is also ah Ah neh.

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  • too good leh:

    if so good, why no India Banks to the rescue ?
    Never learn.

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  • xoxo:

    @TUMASIK patriot

    Thanks for rejoinder.
    Yep,the ping pong peddlar$?
    Even FTs?…new citizen$?

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  • xoxo:

    When OWN LOCAL COMPANY HYFLUX IN TROUBLE,the owners got whacked some more.
    No LIFE-SAVER DOLLARS?

    How SMEs going to expand?
    Only TH stable get help like instant cash from $100 BILLION reserves.

    Many non-sgs benefit more than sgs.
    What kind govt is this?

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  • We Will Get Screwed Up Again:

    Modi is a very cunning man and has already screwed Singapore once via CECA. Now he is doing it again on LHL and the PAP leaders. Why must we be losing our CPF money in this way ?

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  • Soccerbetting2:

    Stated above :Quote -”I refer to the news about DBS India’s proposed takeover of a cash-strapped Indian bank.

    There are mixed reactions from different people and different quarters and I have very strong reservations about it too.

    On paper, it maybe an opportunity too good for DBS to miss, that it offers DBS an opportunity to further tap into the growing middle class market in India, that it will enable DBS India to inherit the customer base and branches of Lakshmi Vilas Bank (LVB) and further entrenched itself in the vast Indian market etc but reality, often times is such that in theory, theory and practice are very different.

    I ask if LVB is so attractive, who are the other white knights vying for it? One more, two more, three more or only DBS and no more?

    Next, why did the India Central Bank turned to a foreign lender to rescue a failing local bank and not some other Indian banks? Doesn’t turning to other Indian banks make more commercial and security sense for them and many other questions…

    DBS, Temasek Holdings and the Singapore Government must never, never, never be overconfident, blinded by greed, naivety, yes, naviety, sweet seduction or ‘influenced’ by anybody into this venture. Expediency perhaps?

    Our CECA experiences with India hold many lessons. Singapore got the much shorter end of the stick that led to so much unhappiness, bitterness for our people and disadvantaged our PMEs a great deal in our own small job market etc alearly. Did those book smart pap ministars learned nothing from that experience?

    If the deal should go through and in a worst case scenario, I would like to ask DBS, Temasek Holdings and the Singapore Government how much money are they prepared to lose before they will throw in the towel and call it quits. S$50 billion or S$100 billion or what?

    Those are valid questions that concern our country and our people and Singaporeans have every right and interest to ask and know.

    I am disappointed that so far, no pap supporter has the brain, gumption or is concerned enough to raise any questions about this LVB takeover proposal publicly. It once again proves to me that being blind sucking suckers is much easier than being caring and critical thinking citizens. So sad.Think ….Simon Lim “Unquote .

    Response : Goverment should wake up and fire off Halimah Yacob that “Malay” President for allowing investing in a cash strapped India bank Lakshmi Vilas Bank (LVB).Our public funds of CPF reserves and DBS savings may be indirectly involved ,who knows? India corona virus is spreading like wildfire .Government should remove Tharman and Indranee Rajah(second minister for Finance) from financial government position before Singapore lost all our reserves and DBS savings pumping more and more money investing in losing money India .Wonder how much has been lost already investing in India ? And that Piyush Gupta of DBS CEO must be removed from DBS too .

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  • Harder Truths:

    This is how a failed bank like DBS India is forced by the India government to buy off their local sh*t companies with $G citizens’ assets.

    Why? DBS may be told to do it or lose their position in India. Or DBS already in trouble and throwing good money after bad (like going to casino) in the HOPE that this will be a game-changer.

    Remember DBS run by Ah-Neh – they are loyal to their own country and people.

    Either way $G citizens losing money. Do the stupid $G ‘businessmen’ really think they can compete with a civilisation that has been coning every other nation for over 5000 years?

    Good luck with that.

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  • PAP has GAME the NATION:

    Speaking to CNA in an exclusive interview on Thursday (Nov 19), Mr Hasni noted that since the PCA and RGL were implemented in August, the number of Malaysians and Singaporeans crossing the land checkpoints at Johor has “increased tremendously”.

    “It is a right decision as far as the government is concerned, to allow (resuming) travel in stages. By looking at the numbers under the RGL category, we notice that it helps a lot of businessmen and corporate individuals to carry on with their routine,” he said.

    Quote

    Seems like sinkies enjoyed being ” SUCKERS ”

    To have INDIAN gov ” SHAFT ” down ours throats….some useless bank.

    Now sinkies having Malaysian gov ” DOING ” the same, when thousands are JOBLESS,

    WITH GRAB and FOOD PANDA, creating jobs, for 100,000 Jobless ppl.

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  • Not street smart:

    Not street smart…especially when using other peoples money.
    Nothing to loose for them.
    Need to sack these people….or make them pay for losses.

    GD Star Rating
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