DBS investors grill board over service, return on equity at AGM

Designed with a "cafe and branch" concept, DBS' new lifestyle space at Plaza Singapura has an open layout. Customers walk in through a cafe where Bettr Barista, a social enterprise supported by DBS Foundation, operates.
Designed with a "cafe and branch" concept, DBS' new lifestyle space at Plaza Singapura has an open layout. Customers walk in through a cafe where Bettr Barista, a social enterprise supported by DBS Foundation, operates.PHOTO: DBS

DBS shareholders are a tough lot, grilling its board yesterday over service issues and return on equity despite record earnings last year and a bumper dividend payout.

Chief executive Piyush Gupta began by telling around 1,000 shareholders at the annual general meeting that he had been asked what would be a good price to sell the stock and his answer was: As CEO, I will tell you never to sell the bank.

TO READ THE FULL ARTICLE

Thank you for reading The Straits Times

You have reached one of our Premium stories. To continue reading, get access now or log in if you are a subscriber.

What is Premium?

A version of this article appeared in the print edition of The Straits Times on April 26, 2018, with the headline 'DBS investors grill board over service, return on equity at AGM'. Print Edition | Subscribe