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Shareholders quiz DBS about contingency plans, POSB's deposit rates

Published on Apr 28, 2014 12:35 PM
 
Shareholders' queries ranged from whether POSB could offer higher interest rates on savings deposits to what contingency plans DBS has in case of telco network failures. -- FILE PHOTO: REUTERS

SINGAPORE - Shareholders of DBS Group posed a wide range of questions to the bank's directors on Monday at a two-hour annual general meeting.

Their queries ranged from whether POSB could offer higher interest rates on savings deposits to what contingency plans DBS has in case of telco network failures.

POSB's social role in Singapore came up as a topic of discussion several times throughout the meeting, with shareholders bringing up issues such as service levels and deposit rates.

In response, chief executive Piyush Gupta said the bank has to balance its commercial interests with that of its stakeholders, including customers.

 
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