Page 17 - Banking

No single trigger: HDFC Bank ex-chair cites a range of issues behind exit

Atanu Chakraborty says resignation was driven by value incongruence over multiple issues, including AT-1 bond mis-selling and governance concerns, not any single trigger

RBI mandates 7-day timeline for ECB filings, revises late fee norms

Banks must submit certified ECB returns within seven days as RBI tightens compliance norms and revises late submission fee rules to streamline reporting

HDFC Bank delayed action in AT-1 bond mis-selling: Atanu Chakraborty

Chakraborty abruptly resigned from the bank's board earlier this month, citing differences over "values and ethics" and triggering a stock selloff and a damage control exercise by the lender

Bank holidays in April 2026: Banks to stay shut for 14 days in these states

Banks will stay closed for about 14 days in April in various states according to the RBI holiday calendar. The holidays involve state-specific holidays, second and fourth Saturdays, and all Sundays

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