In FY2023, Gupta took a pay cut of around 27% y-o-y to $11.23 million due to the series of digital disruptions during the year. The CEO, in FY2022, took home $15.38 million after a “breakout year”.
DBS Group Holdings’ CEO Piyush Gupta has earned $17.58 million in FY2024 after delivering another record set of earnings of the bank during the year.
Gupta’s pay comprises a basic salary of $1.5 million, a cash bonus of $6.65 million, a deferred award of $9.36 million and “others” of $80,533. About 17.1% of the deferred award will be paid in cash while the remainder will be paid in the form of shares. “Others” comprises club, car and driver, according to DBS’s annual report for the year.
