HDFC Bank has appointed two domestic law firms and one US-based law firm to review the resignation letter of former part-time chairman Atanu Chakraborty.
Two days after abrupt resignation of part-time chairman Atanu Chakraborty, axe falls on three HDFC Bank executives due to alleged involvement in mis-selling of AT-1 bonds of Credit Suisse to customers at Dubai branch.
In FY26, the rupee has depreciated 8.8% so far, the steepest fall since FY14; decline in March alone is 2.92%.
HDFC Bank interim chairman Keki Mistry makes efforts to reassure investors and stakeholders; abrupt resignation of part-time chairman shakes bank and sends stock prices diving.
Part-time chairman Atanu Chakraborty raised concerns over “certain happenings and practices” at HDFC Bank before resigning. Here are some of the notable compliance issues at the bank.
RBI promptly clarifies that there are no material concerns regarding HDFC Bank’s conduct or governance, hours after resignation of part-time chairman Atanu Chakraborty citing ethical issues.
Under Digi MSME Prime, loan eligibility is primarily assessed through GST turnover and business cash flows; reduces need for extensive documentation.
Secured lenders led by SBI seek disbursal of claim amounts from Rs 5,100 crore deposited by Sterling Biotech; total outstanding against group companies is at Rs 19,283.77 crore.
Bids by Fairfax and Emirates NBD fall below reserve price; Govt likely to reexamine and restart process of IDBI Bank sale.
For last 11 fiscals, Indian banks have written off loans worth Rs 19.05 lakh crore; in FY25, loan write-off was Rs 1.72 lakh crore, with retail accounting for Rs 45,404 crore.
ABG Shipyard sits at top of wilful defaulters list with Rs 6,695 crore due to banks, according to FM Nirmala Sitharaman; Gitanjali Gems, Beta Napthol and Rakesh Wadhawan follow.
Under ‘PNB Digi Shrestha Digital Loan Scheme’, eligible women borrowers can avail loans up to Rs 5 lakh through a fully digital sanction and account opening process.
The transaction is the first of its kind by SBI; it is expected to be the largest gender-themed loan globally.
Rupee slumps to all-time low of 92.18 per dollar; spike in crude oil and disruption of trade flows leads to prospects of inflation and current account deficit being impacted.
State Bank of India recruits 5,783 junior associates to strengthen its customer service and branch ops; 9,00,771 candidates had applied.
