Mumbai, June 29 (IANS) HDFC Bank has appointed former Finance Secretary Rajiv Kumar as its new part-time Chairman for a period of three years, according to a regulatory filing made by the private sector lender on Monday. The appointment brings an experienced policymaker and former bureaucrat to the helm of the bank’s board at a time when the institution is focusing on strengthening governance and oversight.Kumar succeeds former chairman Atanu Chakraborty, who stepped down earlier this year citin…
Latest HDFC Bank News & Updates
New Delhi, June 29 (IANS) Former HDFC Bank Chairman Atanu Chakraborty has described the legal review of his resignation as being caveated and superfluous, saying it focused largely on compliance issues instead of the broader concerns he had raised about certain business practices at the bank, according to a report.NDTV Profit reported that the external legal firms appointed by HDFC Bank — Wadia Gandhy and Wilson Soni — reviewed Chakraborty’s resignation statement by relying largely on select e…
Mumbai, June 28 (IANS) The combined market capitalisation of six of India’s 10 most-valued companies increased by Rs 88,678 crore during the holiday-shortened week.During the week, the Sensex advanced 297.57 points, or 0.38 per cent, while the Nifty rose 42.9 points, or 0.17 per cent.Among the top-valued firms, HDFC Bank, ICICI Bank, State Bank of India, Bajaj Finance and Larsen & Toubro registered gains in their market capitalisation, while Bharti Airtel, Tata Consultancy Services, Life Ins…
Jaipur, June 28 (IANS) Union Minister of State (MoS) for Agriculture and Ajmer MP Bhagirath Choudhary has found himself at the centre of a political storm after reports revealed that he received a government subsidy of Rs 99.03 lakh for a commercial cucumber cultivation project under a scheme administered by the National Horticulture Board (NHB), an autonomous body functioning under the Union Agriculture Ministry, where he serves as the ex-officio Vice-Chairman. The development on Saturday trigg…
New Delhi, June 26 (IANS) Credit card spending in India surged to Rs 2,023 billion in the month of May, up 6.6 per cent year-on-year and 2.6 per cent month-on-month, a report said on Friday.The sequential increase comes after a 10.1 per cent on-month decline in April, indicating that the recovery is not yet strong or structural, the report from Asit C. Mehta Investment Intermediates Limited said.The industry added 1 million new cards during May, marking the second-highest monthly card issuance i…
Ahmedabad, June 25 (IANS) The Ahmedabad Cyber Crime Branch on Thursday arrested three alleged members of a Jharkhand-based cyber fraud network accused of creating and distributing malicious Android application package (APK) files that allowed criminals across the country to gain unauthorised access to mobile phones and steal money from bank accounts. The arrests include the alleged developer of the APK files, Purnanand alias Mukesh Tiwari, 28, of Giridih district in Jharkhand, who was apprehende…
Ahmedabad, June 22 (IANS) A 26-year-old software engineer from Bihar has been arrested by Ahmedabad Cyber Crime Branch for allegedly helping operate an online forex and cryptocurrency trading platform that investigators say cheated investors by displaying fake profits and withholding both returns and principal investments.The arrest was made during an investigation into a complaint filed by an Ahmedabad resident who alleged that he had been defrauded of Rs 19.07 lakh after investing through WinP…
Mumbai, June 21 (IANS) The combined market valuation of nine of India’s 10 most-valued companies surged by Rs 2.15 lakh crore last week after a strong rally in domestic equities amid improving global risk sentiment.Among the top 10 firms, Bharti Airtel recorded the highest increase in market capitalisation, with its valuation rising by Rs 52,432.67 crore to Rs 11.63 lakh crore.State-owned Life Insurance Corporation of India (LIC) was the second-biggest gainer, adding Rs 51,675.23 crore to take i…
Thiruvananthapuram, June 19 (IANS) Kerala’s Leader of Opposition Pinarayi Vijayan on Friday responded sharply to media queries on the Enforcement Directorate (ED) opening and examining the bank locker of his daughter Veena Vijayan in connection with the CMRL–Exalogic financial transaction case, saying there was nothing to hide.”Yes, they did come home also recently. So you can go with your camera and see what’s there in it. Please go and check,” Vijayan told the media when asked about the ED…
New Delhi, June 19 (IANS) The Leader of the Opposition in the Lok Sabha, Rahul Gandhi — who turned 56 on Friday — has assets worth Rs 20.4 crore, including stock investments, mutual funds, and sovereign gold bonds, according to his affidavit filed for the 2024 Lok Sabha elections.The affidavit — submitted to the Election Commission — provides details of Gandhi’s financial holdings as of March 15, 2024.According to the data, his total movable assets were valued at Rs 9.25 crore, while immovab…