SINGAPORE, April 30 (Reuters) - Singapore's central bank will not extend the pause imposed on DBS Bank's non-essential activities, it said on Tuesday, which had been put in place to ensure the lender remained focused on restoring the resilience of its digital banking services.

The pause imposed by the Monetary Authority of Singapore (MAS) was effective from Nov. 1, 2023 to April 30, 2024 following repeated and prolonged disruptions to DBS' banking services last year.

"While full implementation of the remediation plan is still ongoing, MAS notes that DBS Bank has made substantive progress to address the shortcomings identified from service disruptions experienced by its customers in 2023," MAS said in a statement.

Nevertheless, MAS said the multiplier of 1.8 times DBS' risk weighted assets for operational risk will be retained.

"The multiplier of 1.8 times will be lifted when MAS is satisfied that DBS Bank has demonstrated the ability to maintain service availability and reliability, and handle any disruptions effectively," MAS added.

Shares of DBS, Singapore's largest bank by assets, closed 0.4% higher before the announcement, in line with the broader local benchmark stock index rise. (Reporting by Yantoultra Ngui; Editing by Kirsten Donovan)