Give better deal to POSB customers: DBS shareholders
Stakeholders call for higher interest rates for savings
[SINGAPORE] A call to give POSB customers a better deal - in particular, higher interest rates for their savings - dominated proceedings at DBS Group Holdings shareholders meeting yesterday.
Mano Sabnani got the ball rolling by citing DBS chief executive Piyush Gupta's comments on the bank's social responsibility; the chief executive said in the bank's annual report last year that the bank had to go beyond creating shareholder value to providing shared value for the communities within which it operated.
Mr Sabnani, noting that POSB used to pay higher interest rates than other banks, said POSB savings now earn just 0.05 per cent interest; only sums above $1 million get 0.1 per cent.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
New Articles
Singapore top recipient of Q1 cross-border investments in Apac: Knight Frank
Dasin Retail Trust’s trustee-manager chairman, directors deny allegations of misconduct
Keppel Infrastructure Trust posts 29.1% lower Q1 distributable income
Bitcoin faces worst month since FTX crash with ETF demand cooling
AIA launches wealth centre targeting high-net-worth clients
Prudential’s Q1 new business profit down 2% at S$743 million