Mumbai, April 8 (IANS) Sanjay Malhotra on Wednesday said that the Reserve Bank of India has not found any major governance issues in HDFC Bank, even after the bank’s chairman stepped down citing ethical disagreements.Speaking after the monetary policy announcement, the RBI governor said that based on regular supervision, there are no material concerns about the bank’s governance.“Existing banking laws are clear and effective, and there is currently no need for any changes,” he said.“Ho…
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New Delhi, April 8 (IANS) The Pradhan Mantri MUDRA Yojana (PMMY), the flagship programme of the Modi government, has marked 11 years of operation, aimed at funding the ‘unfunded’ micro enterprises, small businesses and setting the path for their growth.Since its inception on this day in 2015, the programme has been instrumental in powering the business dynamics of small businesses and first-time entrepreneurs, in particular.According to government estimates, around 58 crore loans worth more …
New Delhi, March 13 (IANS) The CBI on Friday interrogated Anil Ambani’s son Jai Anmol Anil Ambani in connection with the Rs 228 crore bank fraud case involving Reliance Home Finance Ltd (RHFL).Jai Anmol Anil Ambani, who is also an accused in the case, was questioned by the investigating officer for around 6.5 hours at the CBI headquarters in the national capital.He has been asked to appear for further examination before the investigating officer on Saturday as well.The CBI, on December 6, 2025…
New Delhi, Jan 27 (IANS) In an extraordinary exercise of its powers under Article 142 of the Constitution, aimed at doing “complete justice”, the Supreme Court has granted relief to a widow who lost her husband during the second wave of Covid-19 by permitting her to settle a bank loan on relaxed terms and directed the Central Bank of India to release the title deeds of her residential property upon payment of a reduced amount. A bench of Chief Justice of India (CJI) Surya Kant and Justice Joymal…
Mumbai, Jan 17 (IANS) India’s largest bank by market capitalisation, HDFC Bank, on Saturday reported a 12.17 per cent rise year-on-year in net profit for the December quarter of the current financial year (Q3 FY26).The bank’s consolidated net profit increased to Rs 19,806.63 crore in Q3, compared to Rs 17,656.61 crore in the same quarter last financial year (Q3 FY25).The bank’s core income also showed steady growth during the quarter. Net interest income rose 6.4 per cent year-on-year to R…