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Human error in coding caused 6.5 hours disruption of DBS banking services in May, said SM Tharman

SINGAPORE— DBS Bank’s preliminary investigations, as disclosed by Senior Minister Tharman Shanmugaratnam, identified human error in coding the system maintenance…
Current Affairs

DBS CEO, previously embarrassed by disruptions in March, apologises for May outage

It was reported that service disruptions were encountered by DBS and POSB Bank customers in Singapore on Friday (5 May). Many were…
Business

MAS imposes additional capital requirement on DBS bank following repeated service disruptions

In a statement late Friday, the Monetary Authority of Singapore (MAS) announced that it had imposed an additional capital requirement…
Business

DBS and POSB Bank customers face service disruptions for the second time in two months

DBS and POSB Bank customers in Singapore reported service disruptions today, as they were unable to use digibank online and…
Singapore

DBS CEO, who received S$15.4 million in pay in 2022, feels embarrassed over technical disruption

SINGAPORE — It was reported last Friday (31 Mar) that DBS CEO Piyush Gupta felt embarrassed at the Annual General…
Business

MAS expresses concern over DBS digital banking disruption, demands investigation

SINGAPORE — The Monetary Authority of Singapore (MAS) has issued a statement regarding the recent disruption of digital services by…
Business

DBS Group CEO’s earnings climb to S$15.4m as bank posts record profits

SINGAPORE — DBS Group, the largest bank in Southeast Asia, saw its CEO, Piyush Gupta, receive a 13.2% increase in…
Business

DBS CEO admits bank has S$1.3b exposure to Adani Group but says he isn’t concerned and don’t expect to do anything

Reuters reported on Monday (13 Feb) that the rout in the share prices of India’s Adani Group continued despite the group…
Comments

DBS customers report duplicate deductions from bank; DBS guarantees refund by 20 June

Several DBS Bank customers have complained about a glitch in the lender’s banking services and claimed that they had been…
Current Affairs

LVB shareholder alleges merger with DBS India “irregular, arbitrary, irrational, unreasonable, illegal”

The Economic Times of India reported today (18 Jan) that another shareholder of the now defunct Lakshmi Vilas Bank (LVB)…