Page 59 - Finance News

HDFC Bank CEO Sashidhar Jagdishan's plea to quash FIR adjourned to July 23

HDFC Ltd merged into HDFC Bank on July 1, 2023, creating a financial behemoth. The bank recalibrated its loan growth in FY25 to bring down the elevated credit-deposit (CD) ratio post-merger

Fraud crackdown: 40,000 taxpayers withdraw bogus claims of ₹1,045 crore

I-T dept said move came after a series of outreach efforts, including SMS alerts, emails, and physical programmes, were made across various locations, nudging taxpayers towards voluntary compliance

Rupee depreciates beyond 86 per dollar on foreign bank, corporate bids

The rupee settled at 85.99 per dollar, against the previous close of 85.78 per dollar. It has depreciated by 0.6 per cent in 2025-26 (FY26)

HDFC Bank CEO sees tailwind from lower CD ratio, strong deposit growth

CEO Sashidhar Jagdishan says merger synergies, reduced credit-deposit ratio and aggressive but prudent deposit growth put HDFC Bank on strong footing for FY26-27

Karnataka Bank appoints Raghavendra Bhat MD & CEO for three months

Bhat takes charge from 16 July following the resignations of Srikrishnan Sarma and Sekhar Rao, pending shareholder approval at the bank's upcoming annual general meeting

RBI to hold 3-day VRRR auction Tuesday to absorb ₹1 trillion liquidity

On Monday, the overnight weighted average call rate (WACR) settled at 5.31 per cent, against the previous day's close of 5.45 per cent

Safe-haven demand lifts gold to 3-week peak; silver nears 14-year high

Gold rose to a three-week high, boosted by safe-haven demand after US President Donald Trump threatened tariffs on the European Union and Mexico

Citi India's commercial banking head Bhanu Vohra to exit firm after 25 yrs

Citigroup Inc's Bhanu Vohra is exiting after nearly 25 years with the bank; the veteran banker most recently headed a team providing global banking solutions to mid-sized Indian companies

Nearly a decade into its existence, IBC framework needs to be reimagined

The famous "tareekh pe tareekh" dialogue from the Hindi movie Damini captures where we are now

Amount parked in RBI's SDF window declines on back of VRRR auctions

The amount parked by banks in the Reserve Bank of India's SDF window has fallen significantly, driven by VRRR auctions, with the call rate aligning closer to the repo rate

Indian Bank hands over sanction letters worth ₹1,011 cr to over 3,000 women

More than 3,000 women from various self-help groups across Tamil Nadu were part of the event

Multiple road acquisitions, BOT projects in pipeline: Vertis Invit

Vertis is an infrastructure investment trust (InvIT) backed by private equity major KKR as well as Ontario Teachers' Pension Plan (OTPP)

Banks' loan offtake gains pace at end of first quarter, shows data

Bank credit growth slowed further to 9.5% YoY in the fortnight ending June 27, with deposits growing at 10.1%, outpacing credit growth, data showed.

Rupee breaks 3-day gaining streak on renewed tariff threat by US

Traders are waiting developments on the anticipated tariff announcement between India and the US, which could significantly influence sentiment

RBI fines HDFC Bank, Shriram Finance for violations of regulatory norms

The Reserve Bank of India imposed a penalty of ₹2.70 lakh on Shriram Finance and ₹4.88 lakh on HDFC Bank for violating regulatory norms

RBI likely to replace WACR with TREPS as operative target, says Nomura

Nomura reports that the RBI may shift its liquidity management target from WACR to TREPS or a SORR-like composite, in line with global best practices and increased volumes in secured money markets

50 million duped: PACL director arrested in India's biggest Ponzi scam

PACL lured investors with land-for-deposit schemes and paid old investors with new funds, duping 50 million people across 10 states in a massive fraud

RBI to intensify scrutiny of bank auditors after governance lapses

With governance concerns at IndusInd and Karnataka Bank, RBI is expected to tighten its engagement with statutory auditors and examine the role of board sub-committees more closely

Parliamentary panel for dedicated NCLT, NCLAT courts for IBC cases

A parliamentary panel recommends dedicated NCLT and NCLAT courts to expedite IBC cases and urges the RBI Governor to support banking correspondents, who are facing increasing challenges in their roles

Finance ministry seeks Claims portal control from health ministry

The department of financial services, under the ministry of finance has sought the Prime Minister's Office (PMO) regarding the same