Business
The CEO of DBS, the largest bank in Singapore, is Indian by birth. His income is
The annual report revealed that Piyush Gupta’s total compensation decreased from S$15.4 million in 2022 to S$11.2 million in 2023.
DBS Group CEO Piyush Gupta’s total compensation for 2023 decreased by 27.3%, according to the lender’s annual report.
The annual report revealed that Gupta’s total compensation decreased from S$15.4 million in 2022 to S$11.2 million in 2023.
DBS reduced total compensation following a decrease in variable pay due to last year’s digital banking disruptions, despite posting a record 2023 profit and 18% equity return.
The bank reported a lower scorecard appraisal by the Board in 2023 despite record profits and outperformance in various areas due to gaps in technology resiliency.
DBS’s performance in technology resiliency and its impact on customers and franchises were considered when evaluating the Group and CEO’s scorecard.
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