Banks

The National Commission noted that the government notification did not confer any right on the bank to refuse acceptance of deposits; it could only refer them for scrutiny

The government may consider selling a stake in IDBI Bank through the Offer-for-Sale (OFS) route to increase public shareholding, after the unsuccessful attempt to divest stake in the LIC-controlled lender, sources said. Currently, the public float in IDBI Bank is only 5.29 per cent, limiting the scope of fair valuation. The remaining shares are with insurance behemoth Life Insurance Corporation of India (LIC), with a controlling stake at 49.24 per cent, while the Government of India (GoI) holding stood at 45.48 per cent. Earlier this month, the proposed sale of a 60.72 per cent majority stake, held jointly by the government and the LIC, was scrapped after financial bids from two potential buyers reportedly fell short of the reserve price. Low free float restricts the scope for fair market valuation, and expanding this by 10 per cent or 15 per cent would make price discovery more reliable, sources said. It can provide a reliable benchmark for valuation and further make the price ..

HDFC Bank chairman Atanu Chakraborty quits citing ethical concerns, as spotlight turns on governance and trend of former bureaucrats leading private sector banks

HDFC Bank reassures investors on governance and stability after Chairman Atanu Chakraborty's resignation, says RBI backing and board unity will help restore confidence

HDFC Bank board may seek clarification from former chairman Atanu Chakraborty over concerns cited in his resignation letter amid questions on governance and management relations

During an analyst call in the morning, Jagdishan said the best period of the bank will start now, with growth returning to pre-merger levels

Earlier this week the Reserve Bank of Australia hiked rates to a 10-month high and warned of a "material" risk to inflation from the oil price spike

Based on interactions with direct selling agents (DSAs) across western India, Motilal Oswal said MSME credit demand remains healthy in Q4FY26

"Certain happenings and practices within the bank, that I have observed over last two years, are not in congruence with my personal values and ethics", says Chakraborty

Former RBI deputy governor flags need for larger financial institutions, stronger capital base and consolidation across banking and NBFC sectors to support economic expansion

The IPO will be executed as a so-called "offer for sale" in India, three of the sources said, where only existing shareholders sell their shareholding to public

Strict compensation norms and lack of succession planning are cited as key reasons

Interest-rate bets that fully anticipated easing in the US have eroded, while possible hikes in the UK and euro zone later in the year are now being priced in

Markets regulator Sebi on Friday issued guidelines for mutual funds to undertake intraday borrowing arrangements with financial institutions such as banks. Under the new framework, the board of an asset management company (AMC) as well as the board of trustees will be required to approve a policy governing the use of intraday borrowing facilities. Further, the AMC will also disclose the approved policy on its website, Sebi said in its circular. Sebi said intraday borrowings can be used only for specific purposes -- repurchase or redemption of units, payment of interest or Income Distribution-cum-Capital Withdrawal (IDCW) payouts to unitholders. The regulator also stipulated that the borrowing amount cannot exceed the "guaranteed receivables" expected on the same day. Receivables eligible for such intraday borrowings include maturity proceeds from TREPS (Triparty Repo in Government Securities), proceeds from reverse repo transactions, maturity proceeds from government securities s

Here is a detailed list of the fixed deposit interest rates being offered by various banks across different tenures

RBI says banks can declare dividends based on capital adequacy levels, with payouts capped at 75 per cent of profit after tax and subject to CET1 buffers and supervisory conditions

Profitability in the banking sector is expected to remain healthy, supported by stronger core earnings

Industry examines oversight and risks tied to programme managers

The draft circular makes changes in the coordination structure, with subcommittees for inclusion and literacy; agriculture; micro, small, and medium enterprises (MSMEs); and payment systems

Issues the high-level committee can look into to prepare the Indian banking system for 2047