Page 13 - Banking

HDFC Bank chairman's sudden exit exposes leadership rifts at top lender

HDFC Bank management and India's banking regulator denied any governance or financial problems at the lender, but its stock fell 12 per cent over three days after Chakraborty's exit

Insolvency law crucial in improving health of banking sector: FM Sitharaman

Finance and Corporate Affairs Minister Nirmala Sitharaman on Monday said that more than half of the NPAs (Non-Performing Assets) have been recovered by the banks through the resolution process

Banks urge RBI to revisit forex cap, flag MTM losses, forced unwinding

Banks seek relief as RBI caps forex exposure, triggering potential $40 billion unwinding and raising concerns over MTM losses and rupee volatility

CMS Info Systems acquires FSS ATM management business for ₹115 crore

The deal will add nearly 8,000 units and new private sector banking ties, strengthening CMS Info Systems' managed services portfolio and advancing its ATM solutions consolidation strategy

MP govt withdraws five-year ban on Bank of Baroda within 24 hours

The state government reversed its five-year ban on Bank of Baroda within a day, following the lender's representation over alleged lapses in fund transfers under a state scheme

RBI imposes penalties on Union Bank, Central Bank, Bank of India, Pine Labs

The Reserve Bank of India has imposed monetary penalties on four entities for regulatory non-compliance, citing lapses in KYC norms, PSL rules and electronic transaction handling

Bank credit growth slows to 13.8% in March 15 fortnight, deposits rise

Bank credit growth eased to 13.8 per cent in the March 15 fortnight, while deposit growth improved to 10.8 per cent, reflecting tax outflows and seasonal lending trends

West Asia conflict: Bankers suggest Covid-like moratorium for MSMEs

Flag cash-flow risks to RBI, Centre amid West Asia war

HDFC Bank chairman's resignation puts bank governance in spotlight

The next round of appointments to private bank boards following Atanu Chakraborty's resignation as HDFC Bank chairman will be subject to intense scrutiny by the RBI

HDFC Bank crisis is exposing deeper cracks in India Inc's governance model

Many large Indian firms that once commanded premium valuations have had their records and reputations questioned over the past decade

HDFC Bank appoints law firms to review Chakraborty's resignation letter

Bank's shares recover on Tuesday; one of the executives sacked by the bank is appealing against decision

Despite credit-guarantee scheme, banks may stay cautious on lending to MFIs

Banks are likely to remain cautious in lending to MFIs despite the credit guarantee scheme, with underwriting standards and risk assessment frameworks unchanged

Kotak Mahindra Bank to absorb KMIL business into bank from April 2026

Kotak Mahindra Bank to absorb KMIL operations from April 2026, simplifying structure and aligning with Reserve Bank of India norms

Banking liquidity in deficit after 2 months tax outflows, GST payments

Banking system liquidity slipped into deficit after two months due to tax and GST outflows, though experts expect a return to surplus in early April

Sidbi withdraws bond issuance; Indian Bank and Union Bank raise ₹8,000 cr

SIDBI withdrew its ₹6,000 crore bond issue amid high yield demands, while Indian Bank and Union Bank raised ₹8,000 crore through 10-year infrastructure bonds

Banking liquidity turns deficit in 2026 on tax outflows, weak RBI support

Banking system liquidity often takes a hit towards the end of India's fiscal year which runs through March 31, temporarily pushing up super-short-term borrowing costs

Indian Bank raises ₹5,000 crore through 10-year infra bond at 7.15%

Additionally, the bank received one bid for a cumulative amount of Rs 5,075 crore, market participants added

RBI injects ₹79,256 crore into banking system via overnight VRR auction

The liquidity injected was much lower than the notified amount of ₹1 trillion, despite the sharp drop in surplus liquidity in the banking system due to advance tax payments

Credit Suisse AT1 bond crash may have fuelled HDFC Bank leadership crisis

The rift came down to differing views over accountability, particularly over client losses tied to risky bonds sold by Credit Suisse

Willing and raring to go for a new term: HDFC Bank's Sashidhar Jagdishan

HDFC Bank CEO Sashidhar Jagdishan says Chakraborty's exit and UAE onboarding gaps are unrelated, stresses strong governance, compliance fixes, and growth-focused strategy ahead