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HDFC Bank Hires Law Firms to Probe Ex-Chairman Atanu Chakraborty's Exit
HDFC Bank appoints external law firms to examine the resignation of former Chairman Atanu Chakraborty to reinforce governance standards.
Anil Ambani Proposes Lenders' Panel to Resolve RCOM's Massive Debt Crisis
Anil Ambani files affidavit urging Supreme Court to form lenders' panel to determine RCOM's actual dues and structure a repayment plan for liabilities.
SBI Hit with Rs 6,337 Crore Tax Demand, Vows to Challenge Order
State Bank of India receives a massive Rs 6,337.5 crore tax demand for AY 2023-24 and says it will appeal the order, citing ongoing litigation.
Indian Bank Grows 13.5% Despite Global Volatility, Says Executive Director
Indian Bank's ED Ashutosh Choudhury reports 13.5% YoY growth, with advances up 14.5% and deposits up 12.5%, despite indirect impacts from West Asia volatility.
RBI Board Approves 2026-27 Budget & Utkarsh 3.0 Strategy in Patna Meeting
RBI Central Board approves Bank's budget for 2026-27 and the Utkarsh 3.0 medium-term strategy framework. Meeting chaired by Governor Sanjay Malhotra.
SBI Hit with Massive Rs 63,375 Crore Tax Demand, Vows to Appeal
SBI receives a Rs 63,375 crore income tax demand for AY 2023-24. The bank says it will appeal the order, citing ongoing litigation on similar issues.
Bank Unions Slam Finance Ministry's PLI Directive, Call It Premature and Divisive
United Forum of Bank Unions demands abeyance of DFS PLI directive, calling it premature, divisive, and a threat to industrial relations.
HDFC Bank Board Urged Ex-Chairman to Reconsider Ethics-Based Resignation
HDFC Bank CEO says board asked Atanu Chakraborty to reconsider his resignation and explain ethics concerns, but he declined. Keki Mistry named interim chairman.
HDFC Bank Assures Stability After Chairman's Sudden Exit, Backs CEO
Interim Chairman Keki Mistry assures investors of HDFC Bank's operational strength and leadership continuity following Atanu Chakraborty's resignation.
Keki Mistry Takes Helm at HDFC Bank, Cites Alignment with Personal Values
RBI approves Keki Mistry as HDFC Bank's interim Chairman. Mistry says the role aligns with his values, as the bank addresses governance questions.
HDFC Bank Ex-Chairman Calls Resignation "Routine" as RBI Affirms Stability
Former HDFC Bank Chairman Atanu Chakraborty calls his resignation routine. RBI reassures stakeholders the bank is financially sound and well-governed.
RBI Backs HDFC Bank's Health Amid Chairman's Exit Over Ethics
RBI says HDFC Bank has sound financials and governance after chairman's resignation over ethical differences. Keki Mistry appointed interim chairman.
RBI Backs HDFC Bank Governance Amid Chairman's Surprise Exit
RBI affirms HDFC Bank's sound governance and financials after Chairman Atanu Chakraborty's resignation, despite a 5% stock drop.
Union Bank to Raise Rs 20,000 Crore via Bonds for Infrastructure, Housing
Union Bank of India plans to raise up to Rs 20,000 crore via long-term bonds for infrastructure and affordable housing, plus Rs 5,000 crore via green bonds.
85% of Bank Clients Eye Non-Bank Lenders for Better Service: Report
Capgemini report reveals 85% of corporate clients plan to engage non-bank lenders due to unmet needs for real-time, personalized banking services.
RBI Rate Actions Mostly During Neutral Stance, Shows SBI Report Analysis
SBI report reveals most RBI repo rate changes in past decade occurred during neutral monetary policy stance, highlighting central bank's flexibility.
IDBI Bank Stock Crashes 16% as Govt Scraps Rs 72,000 Cr Disinvestment
IDBI Bank shares fell 16% after the government cancelled its disinvestment plan as bids from Fairfax and Emirates NBD fell short of expectations.
Indian Banks Lead in AI Adoption, Eye Growth Amid Cyber Risks: KPMG
KPMG report: Indian banks gain from AI-driven models, credit growth, and digital infrastructure, with CEOs prioritizing AI investment and reskilling.
RBI Caps Bank Dividend Payouts at 75% of Profit, Tightens Prudential Norms
RBI introduces new prudential norms capping bank dividend payouts at 75% of profit, linking payouts to capital strength and compliance.
IDFC FIRST Bank Settles Chandigarh Branch Claims with Rs 645 Crore Payout
IDFC FIRST Bank completes reconciliation, pays net Rs 645 crore for Chandigarh branch incident. No further discrepancies or pending claims reported.
RBI Injects Rs 50,000 Crore via OMO to Ease Liquidity Before Tax Outflows
RBI conducts Rs 50,000 crore OMO purchase to maintain comfortable liquidity ahead of major tax-related outflows later in March.
Bank of Baroda Pioneers India's First Domestic Green Infrastructure Bond Issue
Bank of Baroda raises ₹10,000 crore via domestic green bonds, setting a new benchmark for sustainable finance in India with strong investor demand.
SBI Launches $500M Social Loan for Women's Empowerment on Women's Day
State Bank of India launches a landmark $500 million social term loan focused on women's economic empowerment and gender equality.
SBI Launches $500M Social Loan for Women Empowerment on Women's Day
State Bank of India launches a landmark $500 million social term loan focused on gender equality and women's empowerment, aligning with UN SDG 5.
RBI Announces Rs 1 Lakh Crore OMO Purchase in Two Tranches
RBI to conduct Open Market Operation purchase auctions worth Rs 1 lakh crore in two tranches on March 9 and 13, 2026, to manage liquidity.