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Singapore c.bank imposes six-month pause on DBS bank's non-essential activities

SINGAPORE, Nov 1 (Reuters) - The Monetary Authority of Singapore (MAS) has imposed a six-month pause on DBS Bank Ltd's non-essential IT changes to ensure the bank focuses on restoring the resilience of its digital banking services, the MAS said on Wednesday.

DBS Bank will not be allowed to acquire new business ventures during this period or reduce the size of its branch and ATM networks in Singapore.

The actions were taken following repeated and prolonged disruptions of DBS' banking services this year, MAS said.

(Reporting by Chen Lin in Singapore)