Chief Executive Officer Piyush Gupta said during an analyst call that the bank had lent the Monetary Authority of Singapore S$30 billion ($22.3 billion) as it is “not finding enough opportunities to put the money to work.”
The issue was highlighted in May when DBS Group Holdings Ltd.
The city-state’s central bank is one avenue. (Bloomberg) - Singapore banks are flushed with deposits with few options to deploy them amid a tepid lending environment.
