DBS CEO Piyush Gupta’s Pay Package Jumps 56% Amid Record Profits

DBS CEO Piyush Gupta received a pay increase totaling 56% to reach S$17.6 million because of the bank's historic profit success and excellent performance.

Since CEO Piyush Gupta led DBS Group Holdings Ltd. through a year of exceptional performance and growth the company increased his yearly compensation by 56% to S$17.6 million for 2024. The total compensation for Gupta has increased to S$17.6 million ($13.2 million) from S$11.2 million in 2023. The salary increase for Gupta amounts to S$6.6 million in cash bonus together with S$2.5 million in special recognition payment.

The bank attributes the substantial raise to Gupta’s significant role in DBS’s outstanding performance. His 15-year time in leadership has propelled the bank toward unprecedented achievements which yielded S$11.4 billion in net profits for 2024. As per company statements the bank achieved an 18% return on equity during 2024 which led to another successful year.

The compensation of Gupta increased after a previous year's pay reduction because of digital banking failures because DBS's wealth business maintained solid performance and deployed advanced technology. The combined pay packets of senior managers reached S$93.8 million with Gupta's portion.

Tan Su Shan assumes the CEO position of DBS on March 28 after Gupta finishes his term to maintain the leadership excellence established at the bank.