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
HDB resale prices accelerate, rising 1.8% in Q1 on stronger demand
Digital Core Reit Q1 distributable income slips 2.4% to US$10.6 million
BT subscribers can now share 5 premium articles a month with unlimited number of non-subscribers
First Reit reports 3.2% lower Q1 DPU of S$0.006 amid interest rate, forex headwinds
Vietnam holds first gold auction in 11 years to stabilise market
How Hudson Yards went from ghost town to office success story