DBS CEO Piyush Gupta earned 13.3% more in 2022

Gupta’s salary is S$1.5m in 2022, up from S$1.2m in 2021.

DBS CEO Piyush Gupta earned S$15.38m in 2022, 13.3% higher than his total remuneration in 2021, the bank’s annual report showed.

A total of S$8.035m of Gupta’s earnings are listed as deferred remuneration, of which 17.2% will be in cash whilst the rest will be in the form of shares.

Gupta’s salary is S$1.5m in 2022, up from S$1.2m in 2021.

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His cash bonus for the year totalled over S$5.76m, from S$5.16m in 2021.

The remaining S$80,529 represents non-cash components such as for club, car, and driver.

DBS reported record profits of S$8.19b in 2022, as high interest rates boosted the bank’s net interest income.