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Puneet Sharma will join HDFC Bank as CFO-designate from September 1 before taking charge in December, succeeding retiring CFO Srinivasan Vaidyanathan after over six years at Axis Bank
From leading India's public sector bank clean-up to overseeing the world's biggest election, Rajiv Kumar now takes on one of corporate India's most closely watched boardroom roles
The board also approved the appointment of Rajiv Kumar as an Additional Director (Independent Director) for a four-year term starting June 30, 2026
HDFC Bank's legal review finds no evidence behind governance allegations, clearing path for leadership stability, chairman appointment and CEO term extension
Stocks to Watch today, June 29: Tata Motors PV, Torrent Power, Dr Reddy's Laboratories, Aurobindo Pharma, KEC International, and Adani Ports are among the top stocks to watch during today's trade
MD & CEO Sashidhar Jagdishan's tenure ends this October
Atanu Chakraborty didn't participate in the review, ignoring requests from the external law firms
Policy worries fade; clarity on foreign currency deposit lifts lenders
Ban stocks are in the spotlight today as the RBI allowed domestic lenders to extend loans to non-residents against foreign currency deposits, including via their offshore branches.
India's top private lender, HDFC Bank, sold $750 million of five-year dollar bonds last week at a spread of about 90 basis points over US Treasuries
RBI has approved the extension of Keki Mistry's tenure as interim part-time chairman of HDFC Bank until September 18, 2026, or until a regular chairman is appointed
India's largest private-sector lender tapped offshore markets through its GIFT City IFSC unit, issuing senior unsecured bonds carrying a 5.067 per cent coupon
The deal is the largest by an Indian lender since the State Bank of India's $750 million five-year bond sale in May 2023 and comes as SBI and Bank of Baroda line up similar overseas debt sales
Stock to Watch today, June 17: Bharat Forge, Samhi Hotels, NHPC, Krishna Institute of Medical Sciences (KIMS), Bank of Maharashtra, and Sula Vineyards are among the top stocks to watch today
Major lenders have increased FCNR(B) deposit rates after the RBI offered to absorb hedging costs, a move aimed at attracting foreign currency inflows from NRIs
Stocks to Watch today: IndiGo, SpiceJet, Afcons infra, JSW Infra, Bharti Hexacom, NTPC Green Energy, NTPC, NLC India, FirstCry, JW Steel, HDFC Bank, among others, will in focus today.
The Bombay High Court on Tuesday dismissed an interim plea filed by the medical trust that runs Lilavati Hospital here, seeking to restrain the HDFC Bank, its Managing Director and CEO Sashidhar Jagdishan and others from making any defamatory remarks against the trust and its members. The Lilavati Kirtilal Mehta Medical Trust had filed the interim application in a defamation suit seeking Rs 1,000 crore damages from the bank, alleging that it and its senior executives had allegedly released statements to the media and also on its social media platforms that were defamatory and harmed the reputation of the trust. A bench of Justice Somasekhar Sundaresan, while dismissing the application, however, noted that the statements were not defamatory and were in fact factually accurate. The court also imposed a cost of Rs 5 lakh on the trust, which would have to be paid to the HDFC Bank, while noting that the application was just another plea in the long chain of proceedings initiated by the .
The country's largest private-sector lender increased lending benchmarks across tenors, with the sharpest rise in the two-year MCLR despite an unchanged policy rate
Private sector lender HDFC Bank has increased the Marginal Cost of funds-based Lending Rate (MCLR) by up to 10 basis points across tenors effective June 8, 2026. The maximum hike of 10 basis points was for loans having a maturity of two years to 8.55 per cent from the earlier 8.45 per cent. The benchmark one-year MCLR has been revised up by 5 basis points to 8.40 per cent, as per the data available on the HDFC Bank website. The one-year rate is used to fix most consumer loans, such as auto, personal and home loans. The overnight, three-month, six-month and three-year tenor MCLRs have been raised by 5 basis points to 8.10 per cent, 8.20 per cent, 8.35 per cent and 8.65 per cent, respectively. The MCLR hike decision comes days after the Reserve Bank on Friday expectedly kept interest rates unchanged for the second time in a row as it weighed the impact of rising energy prices and supply disruptions caused by the West Asia crisis.