DBS cuts CEO Gupta's pay by 30 per cent due to digital disruptions suffered by customers in 2023
DBS, Singapore's leading corporate group, has reduced CEO Piyush Gupta's variable pay by 30% due to digital disruptions experienced by the bank's 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.