When Euromoney catches up with Piyush Gupta, he is keen to discuss the second great financial challenge of the 21st century through both a wide and a narrow lens.
Before we speak, the chief executive of Singapore’s DBS Bank asks his media team to email a file detailing all of its Covid-19 relief measures.
It’s almost, but not quite, as long as one of those iTunes user agreements. To pluck three at random, DBS is offering: 50 free electronic transfers a month to Singapore firms (up from 30); grace periods on personal loans to Chinese clients; and, in India, co-branded insurance products that pay out first and fast to coronavirus victims.
Its complexity and reach testify to the geographic and systemic nature of DBS – and to the parlous state of the banking sector as it grapples to contain the fallout from coronavirus.
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