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...
New Delhi, March 29: The combined market valuation of seven out of India’s top 10 most valued companies declined by Rs 1.75 lakh crore in the week leading up to the holiday, reflecting a broader weakness in equity markets. Reliance Industries recorded the steepest fall during the period...
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Indian Stock Markets End Sharply Lower Amid Global Geopolitical Uncertainty
Mumbai, March 27 – Indian stock markets fell sharply on Friday, snapping a two-day winning streak as uncertainty over ongoing talks between the United States, Israel, and Iran unsettled investor sentiment.Nifty and...
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Jefferies Exits HDFC Bank, Cuts India Exposure After Chairman ResignationNew Delhi, March 27: Global brokerage Jefferies has exited its holdings in HDFC Bank and trimmed its exposure to India across key portfolios following the resignation of the bank’s part-time chairman, Atanu Chakraborty...
Sensex and Nifty Surge as Crude Oil Declines Amid Geopolitical Relief
Mumbai, March 25 – The benchmark indices, Sensex and Nifty, continued their upward trajectory in early trading on Wednesday, bolstered by a sharp decline in crude oil prices and positive sentiment across Asian markets.
The...
HDFC Bank Appoints External Law Firms to Review Atanu Chakraborty’s Resignation
Board Moves to Strengthen Governance Oversight
Mumbai, March 24: HDFC Bank has announced that its Board has approved the appointment of external law firms, both domestic and international, to review the resignation...
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...
Indian Equity Markets Open Sharply Lower Amid Geopolitical Concerns
Mumbai, March 23 – Domestic equity benchmarks experienced a significant downturn at the start of the trading week on Monday, driven by escalating tensions in West Asia and rising crude oil prices.The Sensex was at 72,977.34...
Mumbai, March 22 – HDFC Bank emerged as the biggest loser among India’s top companies last week, with its market capitalization dropping over Rs 56,000 crore, even as broader equity markets remained largely flat.India’s stock markets experienced a cautious week, with five of the top 10...
New Delhi, March 22 — The combined market valuation of five of India’s top 10 most-valued companies declined by over ₹1 lakh crore last week, with HDFC Bank registering the sharpest drop.During the week, benchmark indices showed marginal weakness. The BSE Sensex slipped 30.96 points (0.04%)...
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HDFC Bank Terminates Three Employees Over DIFC Onboarding Lapses After Chairman’s Resignation
Action Taken Following Dubai Branch Compliance Issues
New Delhi, March 21: Days after the resignation of HDFC Bank Chairman Atanu Chakraborty over ethical concerns, the bank has terminated three...
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...
HDFC Bank Chairman Atanu Chakraborty Resigns Citing "Values and Ethics" Differences
New Delhi/Mumbai, March 19 – HDFC Bank’s non-executive chairman Atanu Chakraborty has resigned abruptly, citing differences over "values and ethics," a rationale the bank described as baffling due to the absence...
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Stock Market Crash Wipes Out ₹12.87 Lakh Crore in a Day as Sensex Plunges Over 3%
Investor Wealth Erosion Deepens Amid West Asia Tensions
New Delhi, March 19: Equity investors saw their wealth shrink by ₹12.87 lakh crore on Thursday as Indian stock markets witnessed a sharp sell-off, triggered...
Sensex, Nifty Crash Over 3% to Near One-Year Lows as Oil Spike and West Asia Tensions Shake Markets
Sharp Sell-Off Erases Recent Gains
Mumbai, March 19: Benchmark equity indices Sensex and Nifty plunged more than 3 per cent on Thursday, closing near one-year lows as a surge in crude oil prices...
RBI Reassures Stability at HDFC Bank After Chairman Resignation, Appoints Interim Leadership
RBI Confirms Strong Governance and Financial Position
New Delhi, March 19: The Reserve Bank of India on Thursday reaffirmed confidence in HDFC Bank, stating that the lender remains a Domestic...
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HDFC Bank Shares Slide as ADRs Drop 8% After Chairman Resignation
HDFC Bank Stock Falls Sharply in Domestic and Global Markets
Mumbai, March 19: Shares of HDFC Bank witnessed heavy selling pressure on Thursday, both in domestic markets and overseas trading, following the resignation of its...
Sensex, Nifty Fall Sharply After Three-Day Rally as Crude Oil Surge Weighs on Markets
Indian Stock Market Opens Lower Amid Weak Global Cues and FII Outflows
Mumbai, March 19: Indian benchmark indices Sensex and Nifty declined sharply in early trading on Thursday, snapping a three-day rally, as a...
HDFC Bank Chairman Atanu Chakraborty Resigns Citing Ethical Concerns
First Mid-Term Exit Raises Governance Questions at India’s Second-Largest Lender
New Delhi, March 19
In a sudden development, Atanu Chakraborty has resigned as the part-time chairman of HDFC Bank, citing ethical concerns...
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