RBI's Monetary Policy Committee voted 5-1 to cut repo rate by 50 basis points

New Delhi, June 20 -- Members of the Reserve Bank of India's Monetary Policy Committee voted 5-1 in favour of an unexpected 50-basis point (bps) rate cut at their meeting earlier in June to prop up ec... Read More

Vinay Razdan resigns as HDFC Bank's HR head

New Delhi, June 18 -- HDFC Bank Ltd's human resources head Vinay Razdan has quit after a nearly seven-year stint at India's largest private sector lender. This comes two months after Mint reported th... Read More

Sebi retracts words 'board note' from IndusInd Bank order, says it was 'engagement note'

Mumbai, June 6 -- Markets regulator Securities and Exchange Board of India (Sebi) on Friday issued a corrigendum to its 28 May order in the alleged insider trading case involving IndusInd Bank, clarif... Read More

RBI governor Malhotra says IndusInd Bank doing well, shares jump 5%

Mumbai, June 6 -- The Reserve Bank of India (RBI) on Friday said IndusInd Bank has taken sufficient steps to address improve its accounting practices, with governor Sanjay Malhotra noting that the ban... Read More

Brookfield Asset Management expects India assets to swell to $100 billion in five years

Mumbai, May 22 -- Brookfield Asset Management expects its India portfolio to expand to $100 billion over the next five years, surpassing the growth rate of its global assets, a senior executive said o... Read More

IndusInd suspects fraud within, sees deep loss in Mar qtr

New Delhi, May 22 -- IndusInd Bank Ltd on Wednesday said its board suspects fraud by key employees in its accounting and reporting departments that led to the recent financial blow-ups at the private ... Read More

IndusInd Bank board suspects employees committed fraud against the lender

New Delhi, May 21 -- The board of IndusInd Bank Ltd suspects certain employees in critical accounting and financial reporting functions to be involved in perpetrating fraud against the lender, the len... Read More

Emirates NBD Bank gets conditional nod from RBI to open local arm

Mumbai, May 19 -- The Reserve Bank of India (RBI) on Monday said it has decided to grant in-principle approval to Dubai-based Emirates NBD Bank PJSC to establish a wholly-owned arm in India. India al... Read More

Canara Bank CEO expects corporate loan growth to pick up in second half of FY26

Mumbai, May 12 -- State-runCanara Bank is yet to see a secular revival in corporate credit growth, with demand limited to infrastructure, renewables and certain manufacturing segments, a senior execut... Read More

RBI gives foreigners more flexibility to invest in corporate bonds

Mumbai, May 8 -- The Reserve Bank of India (RBI) on Thursday allowed foreign investors greater freedom to buy Indian corporate bonds, giving them a chance to purchase more short-term paper. The centr... Read More

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