DBS versus OCBC, clash of the banking titans

It is the clash of the banking titans as Singapore no.1 and 2 banks slugged it out to achieve stellar first quarter 2018 results. On the basis of the latest financial results, DBS edged past OCBC to smash in a record $1.52 billion. Shareholders must be very pleased with DBS CEO Piyush Gupta’s performance because share price stormed to $30 upon the release of the results.

Notwithstanding the good performances, there are lurking risks from technology disruptions which had impacted SingPost, M1 and ComfortDelgro. To tackle this challenge, DBS CEO is leading the bank on an aggressive digital transformation. After all, Piyush Gupta …