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Mumbai, March 30 The reasons for his resignation were the mis-selling of AT-1 bonds, which led to criticism from regulators, and the under-performance of HDFC Bank, the country's largest private sector lender, according to former chairman Atanu Chakraborty on Monday.He said that personal...

Jodhpur, March 30 In a significant ruling on the scope of police powers during financial investigations, the Jodhpur bench of the Rajasthan High Court has held that banks cannot impose a blanket freeze on accounts at the behest of investigating agencies.The court stated that any restriction...

New Delhi, March 29 The combined market valuation of seven of the top-10 most valued companies fell by Rs 1.75 lakh crore in the week leading up to the holiday, with Reliance Industries taking the biggest hit, in line with a weak trend in equities.Last week, the BSE benchmark Sensex lost...

Mumbai, March 25 The benchmark indices, Sensex and Nifty, continued their rally from the previous session in the early trading on Wednesday, driven by a sharp decline in crude oil prices and a positive trend in Asian markets, amid hopes of de-escalation in the West Asia conflict.The 30-share...

New Delhi, March 24 HDFC Bank has appointed external law firms to independently examine the issues highlighted in the resignation letter by Atanu Chakraborty as a proactive step to ensure an objective and fact-based assessment.The bank's spokesperson said that appointing external law firms is...

Mumbai, March 23 In the wake of the HDFC Bank crisis triggered by chairman Atanu Chakraborty's sudden resignation, Sebi chairman Tuhin Kanta Pandey said on Monday that independent directors need to act responsibly and back up any accusations with evidence.In comments that came days after...

New Delhi, March 23 Shares of HDFC Bank have been on a downward trend, falling by nearly 12 per cent in three days, after its non-executive chairman Atanu Chakraborty abruptly resigned, citing differences over "values and ethics".On Monday, the heavyweight stock plummeted 4.70 per cent to...

Srinagar, March 23 – The Enforcement Directorate (ED) zonal office in Srinagar, J&K, announced on Monday that it has provisionally attached Rs 16,86,465 as proceeds of crime generated through deception of innocent victims through what is being termed as "digital arrest."A press release by the...

Mumbai, March 23 Days after the surprise resignation of HDFC Bank non-executive chairman Atanu Chakraborty, capital markets regulator Sebi's chairman Tuhin Kanta Pandey said on Monday that independent directors are expected to act responsibly and not make any insinuations.In comments...

March 23, New Delhi: Indian stocks opened lower on Monday, following a broad risk-off move across Asia as escalating tensions in West Asia kept oil prices elevated.The Nifty 50 fell 2.3% to 22,579, while the BSE Sensex lost almost 2% to 72,826. All 16 major sectors declined, with broader...

New Delhi, March 22 The combined market valuation of five of the top 10 most-valued companies declined by Rs 1 lakh crore last week, with HDFC Bank experiencing the biggest drop.Last week, the BSE benchmark Sensex fell by 30.96 points, or 0.04 percent, and the NSE Nifty slipped by 36.6 points...

New Delhi, March 21 Days after the resignation of HDFC Bank chairman Atanu Chakraborty, citing ethical concerns, the bank has terminated the services of three employees for gaps in client onboarding at its Dubai International Financial Centre (DIFC) branch.According to sources, HDFC Bank has...

New Delhi, March 20 Days after the resignation of HDFC Bank chairman Atanu Chakraborty, citing ethical concerns, the bank has terminated the services of three employees for gaps in client onboarding at its Dubai International Financial Centre (DIFC) branch.According to sources, HDFC Bank has...

New Delhi, March 20 HDFC Bank shares ended over 2 per cent lower on Friday, extending the losses from the previous day, following the abrupt resignation of its non-executive chairman, Atanu Chakraborty, who cited "differences in values and ethics".The benchmark stock declined by 2.41 per cent...

New Delhi, March 20 HDFC Bank's shares continued to fall on Friday, declining by over 2%, after its non-executive chairman Atanu Chakraborty abruptly resigned, citing differences over "values and ethics".The blue-chip stock dropped 2.36% to ₹780.75 on the BSE.At the NSE, it edged lower by...

New Delhi/Mumbai, March 19 HDFC Bank's non-executive chairman Atanu Chakraborty abruptly resigned, citing differences over "values and ethics" – a ground that the management of the country's second-largest lender said was baffling, as the former bureaucrat offered no specific instance despite...

New Delhi, March 19 – Equity investors' wealth eroded by ₹12.87 lakh crore on Thursday as stock markets plunged, with the benchmark Sensex falling by over 3%, driven by a spike in crude oil prices due to increasing attacks on energy infrastructure in West Asia.Investors have lost over ₹37 lakh...

Mumbai, March 19 HDFC Bank's chief executive and managing director Sashidhar Jagdishan said on Thursday that its former chairman Atanu Chakraborty was asked to reconsider his decision to resign, elaborate on concerns involving ethics, and also "take back some of the language" in the resignation...

New Delhi, March 19 HDFC Bank's shares plunged by over 5 per cent on Thursday after Atanu Chakraborty resigned as chairman of the country's second-largest lender, citing ethical concerns.The blue-chip stock fell by 5.13 per cent to close at Rs 799.70 on the BSE, recovering some of its sharp...

Mumbai, March 19 Benchmark stock indices Sensex and Nifty plummeted by over 3 per cent to close at almost one-year lows on Thursday as a sharp jump in crude oil prices and weak global trends, amid escalating strikes on energy infrastructure in West Asia, unnerved investors.Breaking its...