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

Piyush Gupta, head of Singapore’s DBS Bank, tells Euromoney that scrapping dividends now is a mistake, discusses the mental stress of working from home, and says a multi-year recovery will hit banks hard and lead to mergers and job losses.

Piyush Gupta 780
Piyush Gupta, chief executive officer of DBS Group Holdings Ltd., listens during an interview in Singapore, on Thursday, May 10, 2018. Gupta joined DBS in November 2009 after 27 years at Citigroup Inc., where he helped run internet banking. He calls himself an unusual banking CEO for his technology background and last year announced an investment of S$20 million ($15 million) over five years to train 10,000 employees in Singapore in digital banking. Photographer: Wei Leng Tay/Bloomberg via Getty Images
Bloomberg/Bloomberg via Getty Images

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.

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