Rs 256 Crore Penalty On CEO Because Digital Banking Was Down For 10 Hours

Singapore’s DBS group has slashed fiscal 2022 compensation for CEO Piyush Gupta by nearly 30% to the tune of $3 million (Rs 256 crore) citing responsibility for multiple digital banking outages last year despite the lender registering record profits. The rare top-level accountability stance for customer inconvenience drew market plaudits. DBS bank stated other group […]

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