DBS’s Gupta pans banks’ dividend cuts, sees Covid-19 as threat to all

When Euromoney catches up with Piyush Gupta, he is keen to discuss the second great financial challenge of the 21^st 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.