DBS’s Gupta “hopeful” about Danamon deal

Singapore’s biggest lender is enmeshed in political brinkmanship as it fights to win Bank Danamon.

DBS’s Gupta “hopeful” about Danamon deal
Piyush Gupta

Piyush Gupta, DBS chief executive officer, is sharp, speaks fast and since he took over the reins three years ago, has wasted no time in reshaping the bank’s franchise.

But now Gupta is engaged in a high-stakes poker game as he seeks to buy Bank Danamon, Indonesia’s sixth-largest lender by assets. The prize turbo-charged growth.

Gupta is ebullient about the opportunities the deal can bring to DBS. “I’m a big believer...

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