CURRENT AFFAIRS

Detailed explanation-1: -Earlier this year, DBS also clinched The Banker’s most prestigious digital banking award, and was named the Global winner in The Banker’s Innovation in Digital Banking Awards 2021. DBS is a leading financial services group in Asia with a presence in 18 markets.

Detailed explanation-2: -Detailed Solution The correct answer is Singapore. DBS has been honoured as the global winner for ‘Most Innovative in Digital Banking’ by Financial Times publication, The Banker, in its 2021 Innovation in Digital Banking Awards.

Detailed explanation-3: -New York, NY – Citi has been named World’s Best Digital Bank by Global Finance magazine for the 21st consecutive year. The bank was also recognized as Best Corporate/Institutional Digital Bank and received multiple regional and subcategory awards in addition to 135 country awards from Global Finance.

Detailed explanation-4: -DBS Bank Ltd. is a Singaporean multinational banking and financial services corporation which is headquartered in Marina Bay, Singapore. Earlier, It was known as ‘The Development Bank of Singapore Limited’.

Detailed explanation-5: -Piyush Gupta, DBS CEO, said, “We are honoured to be recognised as World’s Best Bank by Global Finance once again. Despite the challenging operating environment in 2021, we turned in our best year ever, delivering record earnings while being unwavering in our support for customers, employees and the community.