He mean he will keep work balance for himself only?
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[Sg] - DBS CEO Piyush Gupta : Fuck work-life balance! When you work for me, your work IS your life!
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That why need no work life balance mah... Even lim kopi is also busy networking
He should practice what he preach..
DBS CEO Piyush Gupta thinks work-life balance is 'baloney' & that work is part of life
Gupta also talked about the importance of a leader taking accountability.
Ashley Tan |
July 29, 2023, 04:58 PM
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DBS Bank's Chief Executive Officer (CEO) Piyush Gupta expounded on his work philosophy and the importance of taking accountability as a leader in an episode of CNA's podcast series "The Leader's Chair".
"The buck stops here"
When asked on the challenges of being a CEO, especially in light of the recent DBS app disruptions, Gupta highlighted the importance of a leader stepping up to take responsibility.
He shared that he is a big believer in the phrase popularised by former U.S. president Harry Truman: "The buck stops here".
Truman kept a sign with the phrase on his desk as well.
"... At the end of the day, the buck stops with you," Gupta said.
Gupta explained that whether the problem lies with a third party or an errant employee — the islandwide disruption in May was due to "human error in coding the programme" — as far the customer is concerned, "I'm the CEO of the bank, so I've got to fix it".
He continued:
"I tell young kids, when people are looking for what it takes to be a leader, I tell them individual accountability is the first thing I look for."
Providing air cover
One of the hardest challenges when it comes to leadership is maintaining the balance between making sure people take accountability, and providing "air cover" to one's team, Gupta said.
In the leadership context, providing air cover refers to defending one's teams from external pressures and potential negative consequences, while giving them the support they need to get through a tough period.
Gupta noted that many companies have a "blame culture", which could lead to negative outcomes as "it makes people fearful".
On work-life balance
CNA podcast co-host Crispina Robert followed up with a question:
"When something happens and then you get scolded for it or whatever, you get taken to task for it, and then the person says 'It's work, it's not personal'. But I always feel like it's always personal because work is such an important part of your life."
Gupta agreed, replying that with the amount of time one spends working, "your friends are there, your colleagues are there, your impact is there, your growth is there, your income is there".
"How do you divorce that from life?"
This ties in with Gupta's belief that there is no such thing as work-life balance.
He described it as "all baloney", but went on to explain that "it's not because [he] want people to work all the time".
"It's just that I believe that work is a part of life," he concluded.
Top photo from Piyush Gupta / LinkedIn
If you like what you read, follow us on Facebook, Instagram, Twitter and Telegram to get the latest updates.
DBS CEO Piyush Gupta thinks work-life balance is 'baloney' & that work is part of life
Gupta also talked about the importance of a leader taking accountability.
Ashley Tan |
July 29, 2023, 04:58 PM
Mothership WhatsApp bannerMothership Telegram banner
DBS Bank's Chief Executive Officer (CEO) Piyush Gupta expounded on his work philosophy and the importance of taking accountability as a leader in an episode of CNA's podcast series "The Leader's Chair".
"The buck stops here"
When asked on the challenges of being a CEO, especially in light of the recent DBS app disruptions, Gupta highlighted the importance of a leader stepping up to take responsibility.
He shared that he is a big believer in the phrase popularised by former U.S. president Harry Truman: "The buck stops here".
Truman kept a sign with the phrase on his desk as well.
"... At the end of the day, the buck stops with you," Gupta said.
Gupta explained that whether the problem lies with a third party or an errant employee — the islandwide disruption in May was due to "human error in coding the programme" — as far the customer is concerned, "I'm the CEO of the bank, so I've got to fix it".
He continued:
"I tell young kids, when people are looking for what it takes to be a leader, I tell them individual accountability is the first thing I look for."
Providing air cover
One of the hardest challenges when it comes to leadership is maintaining the balance between making sure people take accountability, and providing "air cover" to one's team, Gupta said.
In the leadership context, providing air cover refers to defending one's teams from external pressures and potential negative consequences, while giving them the support they need to get through a tough period.
Gupta noted that many companies have a "blame culture", which could lead to negative outcomes as "it makes people fearful".
On work-life balance
CNA podcast co-host Crispina Robert followed up with a question:
"When something happens and then you get scolded for it or whatever, you get taken to task for it, and then the person says 'It's work, it's not personal'. But I always feel like it's always personal because work is such an important part of your life."
Gupta agreed, replying that with the amount of time one spends working, "your friends are there, your colleagues are there, your impact is there, your growth is there, your income is there".
"How do you divorce that from life?"
This ties in with Gupta's belief that there is no such thing as work-life balance.
He described it as "all baloney", but went on to explain that "it's not because [he] want
"It's just that I believe that work is a part of life," he concluded.
Top photo from Piyush Gupta / LinkedIn
If you like what you read, follow us on Facebook, Instagram, Twitter and Telegram to get the latest updates.
Would you trust these CECA with US$15 bil semiconductor wafer fab??? No wonder no wafer fab in India.
They can write software, write books, give online UDEMY course , make nice speeches but fk all when it comes to making something concrete and real and useful
No lah... They are really 为国为民according 61% say
He want everyone to call him SIR... stands for Slave I Remain....
Not need to state the obvious because ultimate accountability always falls on the CEO.
https://www.businesstimes.com.sg/co...so-flush-deposits-dbs-loaning-mas-s30-billion
Under Mister Gupa successful wonderful superb leadership... DBS grow from strength to strength which other CEOs are unable to achieve De woh
Under Mister Gupa successful wonderful superb leadership... DBS grow from strength to strength which other CEOs are unable to achieve De woh
4th July 2023 – To ask the Prime Minister regarding the $30 billion that was recently loaned by DBS to MAS (a) what is the rationale for this loan; (b) whether other local banks made similar loans to MAS recently; (c) if so, in what amounts; (d) how frequently does MAS expect such loans to be required in future; and (e) will the Government consider how such loan capital can be channelled to support micro, small and medium-sized enterprises.
Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS:
1. Mr Perera is likely referring to DBS CEO Piyush Gupta’s response to a question during the bank’s recent financial results conference call, that it had lent $30 billion to MAS as DBS was “not finding enough opportunities to put the money to work”. Mr Gupta’s comment might have been interpreted to mean that MAS had borrowed from DBS to meet MAS’ needs. That is not the case.
2. MAS conducts borrowing or lending transactions with banks continually as part of its money market operations (“MMOs”), which are essential to the implementation of its monetary policy. MMOs are a core function of central banks, to ensure that there is an appropriate amount of liquidity in the banking system: in other words, sufficient to meet banks’ demand for reserve and settlement balances but not excessively so.
Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS:
1. Mr Perera is likely referring to DBS CEO Piyush Gupta’s response to a question during the bank’s recent financial results conference call, that it had lent $30 billion to MAS as DBS was “not finding enough opportunities to put the money to work”. Mr Gupta’s comment might have been interpreted to mean that MAS had borrowed from DBS to meet MAS’ needs. That is not the case.
2. MAS conducts borrowing or lending transactions with banks continually as part of its money market operations (“MMOs”), which are essential to the implementation of its monetary policy. MMOs are a core function of central banks, to ensure that there is an appropriate amount of liquidity in the banking system: in other words, sufficient to meet banks’ demand for reserve and settlement balances but not excessively so.
3. In Singapore, MMOs are a complement to MAS’ foreign exchange intervention operations, which are used to implement Singapore’s exchange rate-based monetary policy. Historically, there have tended to be frequent appreciation pressures on the Singapore Dollar, in part reflecting investor confidence in Singapore. To keep the exchange rate from appreciating beyond its monetary policy settings, MAS intervenes in the foreign exchange market to sell the Singapore Dollar and buy foreign currencies. This results in the accumulation of Official Foreign Reserves and a build up of Singapore Dollar liquidity in the banking system. Consequently, MAS engages in MMOs to withdraw excess liquidity from the banking system, as too much liquidity can lead to a rise in financial vulnerabilities such as inflated asset prices and excessive credit growth.
4. Borrowing from the banks is one of the ways in which MAS carries out MMOs to soak up such excess liquidity. Like other central banks, MAS does this daily through an auction system, enabling MAS to withdraw liquidity through the Primary Dealers that submit the most competitive prices. The local banks are part of MAS’ network of 13 Primary Dealers, and participate in the daily MMO auctions.
5. The banks’ participation at MMO auctions also do not constrain their ability to lend to micro, small and medium-sized enterprises, and these lending decisions are subject to their own pricing and credit considerations.
6. More information about MAS’ MMO in Singapore can be found in the monograph on MAS’ website: https://www.mas.gov.sg/-/media/mas/...0313-monetary-policy-operations-monograph.pdf .
4. Borrowing from the banks is one of the ways in which MAS carries out MMOs to soak up such excess liquidity. Like other central banks, MAS does this daily through an auction system, enabling MAS to withdraw liquidity through the Primary Dealers that submit the most competitive prices. The local banks are part of MAS’ network of 13 Primary Dealers, and participate in the daily MMO auctions.
5. The banks’ participation at MMO auctions also do not constrain their ability to lend to micro, small and medium-sized enterprises, and these lending decisions are subject to their own pricing and credit considerations.
6. More information about MAS’ MMO in Singapore can be found in the monograph on MAS’ website: https://www.mas.gov.sg/-/media/mas/...0313-monetary-policy-operations-monograph.pdf .
Singapore MAS Tharman Shanmugaratnam on Recent DBS $30 Billion Loan to MAS: Central Bank Conducts Borrowing or Lending with Banks to Ensure Liquidity or to Remove Excess Liquidity in Banking System as Part of Money Market Operations, Complements Foreign Exchange Intervention Operations to Manage Singapore Dollar Exchange Rate
5th July 2023 | Hong Kong
Singapore central bank Monetary Authority of Singapore (MAS) Tharman Shanmugaratnam (Senior Minister & Minister in charge of MAS) reply on recent DBS $30 billion loan to MAS – Central bank conducts borrowing or lending with banks to ensure liquidity or to remove excess liquidity in banking system as part of money market operations, which complements MAS foreign exchange intervention operations to manage Singapore Dollar (SGD) exchange rate.
Singapore MAS Tharman Shanmugaratnam: “DBS CEO Piyush Gupta’s response to a question during the bank’s recent financial results conference call, that it had lent $30 billion to MAS as DBS was “not finding enough opportunities to put the money to work”. Mr Gupta’s comment might have been interpreted to mean that MAS had borrowed from DBS to meet MAS’ needs. That is not the case.
MAS conducts borrowing or lending transactions with banks continually as part of its money market operations (“MMOs”), which are essential to the implementation of its monetary policy. MMOs are a core function of central banks, to ensure that there is an appropriate amount of liquidity in the banking system: in other words, sufficient to meet banks’ demand for reserve and settlement balances but not excessively so.”
See below for full statement | Read: Singapore DBS Group Lends $22.3 Billion Deposits to Singapore Central Bank MAS, DBS CEO Piyush Gupta Highlighted Not Finding Enough Opportunities to Put Money to Work
5th July 2023 | Hong Kong
Singapore central bank Monetary Authority of Singapore (MAS) Tharman Shanmugaratnam (Senior Minister & Minister in charge of MAS) reply on recent DBS $30 billion loan to MAS – Central bank conducts borrowing or lending with banks to ensure liquidity or to remove excess liquidity in banking system as part of money market operations, which complements MAS foreign exchange intervention operations to manage Singapore Dollar (SGD) exchange rate.
Singapore MAS Tharman Shanmugaratnam: “DBS CEO Piyush Gupta’s response to a question during the bank’s recent financial results conference call, that it had lent $30 billion to MAS as DBS was “not finding enough opportunities to put the money to work”. Mr Gupta’s comment might have been interpreted to mean that MAS had borrowed from DBS to meet MAS’ needs. That is not the case.
MAS conducts borrowing or lending transactions with banks continually as part of its money market operations (“MMOs”), which are essential to the implementation of its monetary policy. MMOs are a core function of central banks, to ensure that there is an appropriate amount of liquidity in the banking system: in other words, sufficient to meet banks’ demand for reserve and settlement balances but not excessively so.”
See below for full statement | Read: Singapore DBS Group Lends $22.3 Billion Deposits to Singapore Central Bank MAS, DBS CEO Piyush Gupta Highlighted Not Finding Enough Opportunities to Put Money to Work
KNN limpei ish kwa liao jiu du lan...........
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