DBS Must Hold Additional Capital on Digital Banking Disruption

DBS Group Holdings Ltd. had its capital requirements raised by Singapore regulators after a pair of outages disrupted services to its customers.

Singapore’s biggest bank saw its required capital rise by S$1.6 billion ($1.2 billion) when the latest move is counted with an earlier increase in February, the Monetary Authority of Singapore said in a statement Friday. The move was in response to outages in digital banking in March and a subsequent disruption to its digital banking and ATM services earlier Friday.

Read: DBS Says Digital Systems Back to Normal After Disruption

“DBS Bank has fallen short of MAS’ ...