Investors scramble to make sense of HDFC chairman Atanu Chakraborty's sudden exit

India, March 20 -- Investors were left scratching their heads on Thursday after the abrupt resignation of HDFC Bank chairman Atanu Chakraborty the previous night, while shares of India's largest priva... Read More

HDFC Bank seeks to steady nerves after Chakraborty exit; Mistry says ethics charge "defies logic"

MUMBAI, March 19 -- A day after HDFC Bank chairman Atanu Chakraborty resigned citing ethical concerns, the bank's interim leadership moved swiftly to steady nerves, saying the allegations "defy logic"... Read More

HDFC Bank chair Atanu Chakraborty resigns citing 'certain practices' incongruent with his values

New Delhi, March 18 -- HDFC Bank on Wednesday said its chairman Atanu Chakraborty has resigned with immediate effect, with his letter from 17 March to the board citing "certain happenings and practice... Read More

Mortgage lender Weaver buys majority stake in Centrum Housing

Mumbai, March 18 -- Housing finance company Weaver Services Pvt Ltd has acquired a majority stake in Centrum Housing Finance Ltd (CHFL). Weaver on Wednesday said it has completed raising Rs.1,450 cro... Read More

Citi sees no surge in corporate credit demand despite oil shock amid West Asia conflict

MUMBAI, March 16 -- As the war in West Asia disrupts shipping and pushes oil prices higher, Citibank's corporate clients are largely holding off on tapping their credit lines. The muted demand for li... Read More

West Asia conflict rattles oil markets, but Citi sees no rush for credit lines

MUMBAI, March 16 -- As the war in West Asia disrupts shipping and pushes oil prices higher, Citibank's corporate clients are largely holding off on tapping their credit lines. The muted demand for li... Read More

Young savers drift away even as retirees prop up bank deposits

New Delhi, March 11 -- Indian banks are losing ground among working-age savers, even as retirees return in growing numbers to park money in fixed deposits and savings accounts. Recent data from the R... Read More

Scammed? RBI will pay you back, but only once in a lifetime

Mumbai, March 6 -- The central bank is proposing a safety net for one of the world's largest digital payment ecosystems, offering to partially reimburse victims of cyber fraud-even when the victims th... Read More

Mint Explainer | Banks have cut rates-but has the credit-deposit imbalance changed?

New Delhi, March 5 -- The Reserve Bank of India (RBI) has lowered the repo rate by 125 basis points (bps) in this rate cut cycle and governor Sanjay Malhotra reiterated that rates will remain lower fo... Read More

Behind the Rs.590-crore alleged fraud at IDFC First Bank's branch in Haryana

New Delhi, Feb. 23 -- IDFC First Bank is investigating if the documents at the centre of an alleged Rs.590 crore fraud at its Chandigarh branch were genuine or forged, two people familiar with the mat... Read More

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