Page 5 - Dbs News Today

Considering how Singapore is a prime target for scammers, it is disappointing that bank customers are being asked to choose between security and higher interest rates, says finance blogger Dawn Cher.

DBS Group Holdings Ltd. saw its net profit exceed $10 billion for 2023, surpassing its medium-term target. CEO Piyush Guptas variable pay was cut by 30% due to last years digital banking disruptions.

SINGAPORE: Mr Piyush Gupta, the DBS chief executive officer, had his variable pay cut by 30 per cent in 2023, as a result of the digital disruptions experienced by the bank's customers. This amounted to S$4.14 million (US$3.08 million), announced DBS on Wednesday (Feb 7) as part of its quarterly earnings s

DBS chief Piyush Gupta said the move to hold senior management accountable by cutting their variable pay is "a good element of governance".

DBS was also made to pause non-essential IT changes for six months and was not allowed to reduce the size of its branch and ATM networks in Singapore.

Singapore News - The 2023 variable compensation for DBS Group Holdings chief executive officer Piyush Gupta and other members of the lender’s group management committee has been cut to hold them accountable for the series of digital disruptions in 2023. Mr Gupta took a deeper cut of 30... Read more at www.tnp.sg

SINGAPORE: Mr Piyush Gupta, the DBS chief executive officer, had his variable pay cut by 30 per cent in 2023, as a result of the digital disruptions experienced by the bank's customers. This amounted to S$4.14 million (US$3.08 million), announced DBS on Wednesday (Feb 7) as part of its quarterly earnings s

Singapore's leading lender, DBS Group, reported record-breaking full-year results, yet Chief Executive Officer Piyush Gupta faced a significant reduction in compensation due to digital banking disruptions witnessed last year. This is based on a report published by Bloomberg.

International Business News: DBS Group Holdings Ltd.

DBS, Singapores leading corporate group, has reduced CEO Piyush Guptas variable pay by 30% due to digital disruptions experienced by the banks customers. The CEO and other members of the management committee took a 21% reduction in their variable pay. DBS suffered disruptions to its digital banking services, leading to regulatory actions.