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UOB’s S$885 million move to shore up its allowances is a “prudent” step that brings its provision ratios in line with those of DBS and OCBC, analysts said, even as it resulted in a huge…
The bank’s total allowance stood at S$6.4 billion, comprising S$4.1 billion in general allowances and S$2.4 billion in specific allowances. DBS’ general allowance reserves are “more than…
2 min read Last Updated : Oct 16 2024 | 4:36 PM IST Ahead of the festive season, the Union Cabinet on Wednesday approved an additional instalment of Dearness Allowance (DA) for central…
