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Atanu Chakraborty terms HDFC Bank's legal review superfluous

Mumbai, June 27 -- Former HDFC Bank chairman Atanu Chakraborty has termed the appointment of external law firms and the resulting report a "superfluous exercise", saying he chose not to speak because ... Read More


Ashok Vaswani to step down as Kotak Mahindra Bank CEO after 31 December

Mumbai, June 27 -- Kotak Mahindra Bank on Saturday said its chief executive, Ashok Vaswani, does not wish to seek reappointment when his term ends on 31 December. The bank said in a stock exchange fi... Read More


Law firms hired by HDFC Bank find no basis for governance doubts raised by former chair Chakraborty

New Delhi, June 26 -- Law firms tasked by private sector lender HDFC Bank found no "basis for the statement" made by former chair Atanu Chakraborty, the bank said in a statement late on Friday evening... Read More


RBI might have just given some IPO leeway to Tata Sons

New Delhi, June 24 -- In what could provide a breather for Tata Sons, the holding company of the Tata Group, the Reserve Bank of India (RBI) has seemingly removed a contentious definition of indirect ... Read More


RBI might have just handed Tata Sons a leeway on listing

New Delhi, June 24 -- In what could provide a breather for Tata Sons, the holding company of the Tata Group, the Reserve Bank of India (RBI) has seemingly removed a contentious definition of indirect ... Read More


RBI allows banks to give loans for FCNR deposits

New Delhi, June 23 -- The Reserve Bank of India (RBI) on Tuesday clarified that Indian banks and their overseas branches can extend loans to a non-resident, or issue a guarantee in favour of foreign l... Read More


Why MPC held interest rates in June policy

New Delhi, June 19 -- The rate-setting panel of India's central bank decided to keep interest rates on hold on the back of uncertainty over the West Asia conflict, with governor Sanjay Malhotra saying... Read More


Watchful and wary: Inside MPC's unanimous decision to hold rates

New Delhi, June 19 -- The Reserve Bank of India India's (RBI) rate-setting panel decided to keep interest rates on hold at its last meeting on the back of uncertainty over the West Asia conflict, with... Read More


RBI issues final rules for sale of financial products, effective January

Mumbai, June 15 -- The Reserve Bank of India (RBI) on Monday issued final guidelines for the sale of financial products by banks and non-bank lenders, effective January. In its draft guidelines in Fe... Read More


US-Iran truce makes life easier for India's MPC, just a tad

New Delhi, June 15 -- The decision by the US and Iran to halt the war is likely to give the six-member committee that sets India's interest rates some breathing room, easing concerns over oil-led infl... Read More