The photo was published here on August 17, 2020.
It shows a group of people taking a photo in front of the logo of DBS Bank, a multinational bank based in Singapore.
The caption says: "Was told this is DBS IT Dept @ Changi (not Mumbai or Chennai). If this is true, I wonder what the 61% were thinking. Damn the policy of giving to foreigners what belongs to the locals."
Below is a screenshot of the misleading post:
Also Read: No, Bumblebees Do Not Use 'Acoustic Levitation' To Fly
Singapore's free trade agreement with India, called Comprehensive Economic Cooperation Agreement (CECA), has sparked fears about the employment of Indian nationals, which critics say will "take away Singaporeans' jobs" – an issue the Singaporean government has addressed here and here.
The photo has also been shared more than 110 times after it was posted here, here and here with a similar claim.
However, the claim is false.
In an email to AFP on August 27, 2020, Shoma Narayanan, the head of group strategic marketing & communications at DBS Bank India, said: "The photograph was taken in the DBS Asia Hub 2, Hyderabad...around a year ago, at an internal conference".
A photo on the web page of DBS Asia Hub 2 – described as "the bank's first technology development centre outside Singapore" – shows the same poster of a child seen in the photo in the misleading post.
Below is a screenshot comparison of the photo in the misleading post (L) and the picture from the DBS website (R):
The DBS logo background and wood panel wall seen in the misleading post are also visible in this May 3, 2019, post, which is also geotagged to DBS Asia Hub 2 in Hyderabad.
Below is a screenshot comparison of the photo in the misleading post (L) and the Facebook photo (R):
DBS Bank also issued this statement on Facebook on August 15, 2020. It reads: "It has come to our attention that there are images, purported to be taken in DBS Singapore, being circulated on various chat groups and social media platforms. We would like to clarify that the images were from our India office and not Singapore."