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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, 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.