Hdfc

Sebi begins review of former HDFC Bank chairman Chakraborty's exit letter

In his resignation letter, Chakraborty cited "certain happenings and practices within the bank" that he said were "not in congruence" with his personal values and ethics

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

Move follows Atanu Chakraborty's resignation citing ethical concerns; bank seeks to reinforce governance standards amid investor worries

HDFC Bank hires external counsel to review ex-chairman's resignation letter

HDFC Bank said that Chakraborty 'did not mention any happenings and practices which were not in congruence with his personal values and ethics'

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

HDFC chairman quits, RBI steps in; Centre likely to scrap IDBI Bank stake sale; Bima Sugam rollout

HDFC Bank chairman resigns, stock tumbles HDFC Bank’s part-time chairman, Atanu Chakraborty, resigned abruptly, citing differences over the bank’s governance and his ethics. The stock fell nearly 7%

HDFC Bank chief's exit baffles investors, wipes $7 bn off market value

HDFC Bank spent Thursday trying to explain why Chakraborty, a former senior bureaucrat in PM Narendra Modi's administration, left after almost five years as part-time chairman of the lender

HDFC Bank's interim chairman rules out 'material issues' at lender

Keki Mistry says board unaware of any governance concerns behind Atanu Chakraborty's exit; assures 'strong controls' and stable leadership

No material concerns on HDFC Bank's governance and conduct, says RBI

Regulator says bank remains well-capitalised with strong governance and management, approves Keki Mistry as interim chairman for three months

'No power struggle': HDFC Bank's interim chair on Atanu Chakraborty exit

Keki Mistry says there are no material concerns at HDFC Bank after Atanu Chakraborty's exit, rules out governance issues, and says the board will review organisational structure

SBI DMD Nitin Chugh exits as contract term ends, digital role concludes

SBI Deputy Managing Director Nitin Chugh, who led the bank's digital banking and transformation initiatives including YONO 2.0, has exited following the conclusion of his contract

RBI gives ICICI AMC approval to raise stake in HDFC Bank to 9.95%

If ‌ICICI group's stake in the lender falls below 5 per cent, it ‌will need ​fresh RBI ​approval to raise the shareholding to 5 per cent or more

Nifty100 PBT could have been 8.5% higher without labour Code effect

TCS, Infosys book one-time exceptional charges, while HDFC Bank absorbs higher wage costs directly into quarterly P&L

HDFC Bank posts 12% growth in December-quarter profit to ₹19,807 crore

HDFC Bank on Saturday said its consolidated profit jumped 12.17 per cent to Rs 19,807 crore in the December quarter. The city-headquartered lender had reported a consolidated net profit of Rs 17,657 crore in the year-ago period and Rs 19,611 crore in the preceding September quarter. On a standalone basis, the profit of the country's largest private sector lender increased 11.46 per cent to Rs 18,653.75 crore for the October-December period. The core net interest income grew 6.4 per cent to Rs 32,600 crore, while the non-interest income came at Rs 13,250 crore, as per an exchange filing. The net interest margin at the overall level stood at 3.35 per cent, it said. Implementation of the new labour codes led to an impact of Rs 800 crore in expenses for the bank during the quarter.

HDFC Bank posts 2.7% loan growth to ₹28.45 trn in Q3, deposits rise higher

HDFC Bank merged with its parent HDFC in July 2023, adding a significant pool of loans but a smaller volume of deposits

RBI gives nod to HDFC Bank's arms to acquire up to 9.5% in IndusInd Bank

The RBI approval to HDFC Bank to increase its stake in IndusInd Bank through its group entities is valid for a year, that is, till December 14, 2026

RBI cuts repo rate; SBI, HDFC, ICICI to remain ‘too big to fail’ banks, & more

The RBI’s six-member MPC cut the repo rate by 25 bps to 5.25% and kept the policy stance neutral.

HDFC Bank trims lending rates by 10 bps, to benefit MCLR-linked borrowers

Borrowers on home, auto, and personal loans tied to MCLR to see rate changes at next reset

HDFC Bank puts 2 senior bankers on leave amid Credit Suisse bond probe

Some HDFC customers have claimed they were not properly informed about the high-risk nature of the bonds, though the lender has maintained it complied with all applicable laws

Mcap of 7 most valued firms climbs ₹74,573 cr, HDFC Bank biggest gainer

The combined market valuation of seven of the top-10 most valued firms climbed Rs 74,573.63 crore in a holiday-shortened last week, with HDFC Bank emerging as the biggest gainer in line with a positive trend in equities. Last week, the BSE benchmark climbed 780.71 points or 0.97 per cent, and the Nifty went up by 239.55 points or 0.97 per cent. While HDFC Bank, Tata Consultancy Services (TCS), ICICI Bank, State Bank of India, Bajaj Finance, Hindustan Unilever and Life Insurance Corporation of India (LIC) were among the gainers, Reliance Industries, Bharti Airtel, and Infosys faced erosion from their valuation. HDFC Bank added Rs 30,106.28 crore, taking its market valuation to Rs 14,81,889.57 crore. The market capitalisation (mcap) of LIC jumped Rs 20,587.87 crore to Rs 5,72,507.17 crore. The valuation of State Bank of India surged Rs 9,276.77 crore to Rs 8,00,340.70 crore, and that of Hindustan Unilever climbed Rs 7,859.38 crore to Rs 5,97,806.50 crore. The mcap of ICICI Bank edg