financial institutions

New Delhi, March 19 In a sudden move, Atanu Chakraborty resigned as chairman of the country's second-largest lender, HDFC Bank, citing ethical concerns.This is the first time that the part-time chairman of HDFC Bank has resigned mid-way, raising concerns about its functioning."Certain events...

Mumbai, March 18 Former Reserve Bank Deputy Governor M Rajeshwar Rao on Wednesday called for a "re-evaluation" of the criteria for investors.Rao, who retired in September last year, said that a growing economy aspiring to accelerate economic growth will need strong financial institutions to...

Imphal, March 18 Manipur Chief Minister N Biren Singh on Wednesday urged the banking sector and development institutions to work together with renewed commitment to build a prosperous, resilient, and self-reliant state.Speaking at the launch of the 'State Focus Paper 2026-27', he said, "Our...

New Delhi, March 14 The CBI questioned Jai Anmol Ambani, the son of Anil Ambani, for nearly five hours on Saturday for the second consecutive day in connection with an alleged fraud involving Union Bank of India, officials said.Jai Anmol Ambani, the former director of Reliance Home Finance...

New Delhi, March 13 The strategic sale of IDBI Bank is likely to have been scrapped as the financial bids submitted by potential buyers were below the reserve price, sources said on Friday.The government and LIC were jointly looking to sell 60.72 per cent in IDBI Bank and had floated an...

New Delhi, March 11 The Supreme Court on Wednesday criticized the CBI for its investigation into the alleged "unholy nexus" between banks and developers to defraud homebuyers in Delhi-NCR and other parts of the country, stating that prolonging the investigation would only cause more distress to...

Panaji, March 7 In a major boost to Goa's economy, the state government has received ₹252.83 crore in upfront payments from the auction of 12 iron ore blocks, Chief Minister Pramod Sawant has said.Sawant, while presenting the state budget for 2026-27, said that five of the auctioned blocks at...

RAJOURI, March 6: A one-day training and orientation program for YUVA Doots and Motivators was organized under Mission YUVA at the Dr. Raj Kumar Thapa Memorial Conference Hall to strengthen youth-focused initiatives at the grassroots level.YUVA Doots from different blocks of the district and...

Hamirpur (HP), March 6 BJP MP Anurag Thakur on Friday expressed concern over the low credit-deposit (CD) ratio in Hamirpur district and urged bankers to improve this ratio to help residents become more financially independent.Participating in the District Level Review Committee (DLRC) and...

New Delhi, March 6 IL&FS Mutual Fund (Infrastructure Debt Fund) announced on Friday that it has committed ₹125 crore to Hero Solar Energy, a part of the Hero Future Energies platform, to refinance debt and support the expansion of its renewable energy projects.Hero Solar Energy will issue...

Washington, March 6: Artificial intelligence and deepfake technology are accelerating financial scams in the United States, lawmakers were told, as banks and credit unions warned that criminals are using increasingly sophisticated tools to impersonate victims, manipulate consumers, and steal...

JAMMU, FEBRUARY 27: The Indian Institute of Management Jammu inaugurated the 3rd International Finance and Accounting Conference (IFAC 2026) on the theme “Financial Strategies for Inclusive and Sustainable Economic Growth to achieve Viksit Bharat@2047.”The two-day conference was inaugurated by...

Bengaluru, February 27 NABARD projected a priority sector credit potential of ₹4.99 lakh crore for Karnataka for the financial year 2026-27, registering a 12 per cent increase over the projections made for the previous fiscal.Releasing its "State Focus Paper for FY 2026-27" at the State Credit...

New Delhi, February 27 IIFL Home Finance announced on Friday that it has signed a $300 million loan agreement with the Asian Development Bank (ADB) to improve access to affordable housing finance for low-income borrowers, particularly women.This loan marks IIFL Home Finance's first syndicated...

New Delhi, February 27 Prime Minister Narendra Modi on Friday urged the industry to invest and innovate, and called on financial institutions to provide practical solutions and strengthen market confidence.Addressing a post-Budget webinar on 'Technology, Reforms, and Finance for Viksit...

New Delhi, February 24 FSIB, the headhunter for directors of state-owned banks and financial institutions, recommended Hitesh Rameshchandra Joshi for the post of Chairman-cum-Managing Director (CMD) of GIC-Re on Tuesday.The Financial Services Institutions Bureau (FSIB) interviewed five...

Amaravati, February 24 The "Investment Bazar" workshop, held here on Tuesday, emphasized the time-bound implementation of identified energy efficiency projects to accelerate sustainable industrial growth in Andhra Pradesh, an official said.Chief Executive Officer of the Andhra Pradesh State...

New Delhi, February 17 Uptiq, an AI platform for financial services, announced on Tuesday that it has raised USD 25 million in a funding round led by Curql.The funds raised in the Series B round will be used to enhance Uptiq's global AI capabilities and strengthen India as its primary hub for...

New Delhi, February 16 BLS E-Services announced on Monday that it will acquire a 100% stake in Atyati Technologies for ₹154 crore.In a regulatory filing, the company stated that the acquisition will be a fully cash transaction and is expected to be completed by March 31, 2026.The acquisition...

New Delhi, February 15 AI in India will drive productivity, quality, and role redesign in the near term rather than mass unemployment, but the country must pursue a "sovereign by design" approach, maintaining control over its data and capabilities while staying globally integrated to ensure that...