HDFC Bank Chairman Rajiv Kumar has stated that the bank's board will maintain a 'zero tolerance' policy towards unethical practices. This announcement underscores the bank's commitment to integrity and corporate governance.
HDFC Bank is reportedly under investigation by US law firms concerning alleged improper payments, leading to a 3% drop in its shares following an earlier report in May.
Both ICICI Bank and HDFC Bank have released highlights from their respective first-quarter earnings calls, providing insights into their financial performance.
PoliticsTimes of Indiahindustan-timesindian-express1mo ago3 sources
HDFC Bank has announced the appointment of former Chief Election Commissioner Rajiv Kumar as its new chairman. Kumar has a distinguished background, having served on several key financial bodies.
HDFC Bank's board review has cleared allegations, but former chairman Atanu Chakraborty disputes the process, claiming the board ignored queries regarding the legal review after his resignation. The controversy surrounds the bank's internal governance.
HDFC Bank shares experienced a 2% drop following reports of a probe into Rs 45 crore in interest payments. This development adds to existing concerns regarding the bank's governance.
According to hedge funds, ICICI Bank and Infosys are considered among the best Indian stocks to buy. These companies are highlighted for their investment potential.
Questions are being raised regarding the operations and recent developments at India's HDFC Bank. This comes amidst broader discussions on government restrictions on online speech.
HDFC Bank's stock experienced a decline after the announcement of its chairman's departure, prompting questions about whether the market reaction is excessive.
Analysts have adjusted ratings for several top stocks, with Nomura cutting Petronet LNG's target price due to the West Asia crisis, while HSBC maintained a hold on Blue Star and BofA Securities remained constructive on HDFC Bank.
BusinessTimes of Indiahindustan-times4mo ago2 sources
Keki Mistry, the new HDFC Bank chairman following Atanu Chakraborty's resignation, has reassured stakeholders of the bank's commitment and shared insights into his four decades of banking experience.
The Reserve Bank of India (RBI) has approved HDFC Bank's transition plan following the chairman's resignation, noting the bank's sound financials and competent management.
HDFC Bank's board has imposed a Rs 1 lakh penalty on its Managing Director and Chief Financial Officer for an 'extra payout' to a Maharashtra Public Sector Undertaking (PSU) in a deposit case. The disciplinary action follows an investigation into the matter concerning the Maharashtra State Road Development Corporation (MSRDC) deposit.
Several major Indian banks, including ICICI, Kotak, Axis, and YES Bank, reported double-digit profit growth in the first quarter, with ICICI Bank's profit beating estimates due to surging loans. HDFC Bank, however, lagged behind its peers in profit growth.
HDFC Bank has seen its employee count decrease by more than 3,000 as the company increasingly adopts automation technologies. This reduction reflects a strategic shift towards automated processes within the banking giant.
HDFC Bank is said to have placed a debit freeze on the Trinamool Congress's account following a request from former West Bengal sports minister Aroop Biswas, who cited a dispute over party control.
HDFC Bank is facing scrutiny over allegations of camouflaging Rs 45 crore as marketing spend to pay higher interest to a state firm, raising questions about its governance and ethics.
The Bombay High Court has quashed a Rs 2-crore bribery First Information Report (FIR) filed by the Lilavati Trust against HDFC Bank CEO Sashidhar Jagdishan.
ICICI Bank and HDFC Bank have both reported robust financial results for the fourth quarter, with net profits soaring by 8-9% year-on-year. Both banks demonstrated strong credit growth and improved asset quality during this period.
Former HDFC Bank chairman Atanu Chakraborty has disputed MD Sashidhar Jagdishan's claims regarding staff action on high-risk bond sales, asserting his resignation stemmed from 'deeper governance issues' and a lack of alignment on ethics and values.
India's Securities and Exchange Board (SEBI) has initiated a review of the resignation of Atanu Chakraborty, the former Chairman of HDFC Bank, who reportedly quit due to a power struggle and clash of styles with CEO Sashidhar Jagdishan.
The abrupt resignation of Atanu Chakraborty as HDFC Bank's part-time chairman sent shockwaves through Dalal Street, prompting HDFC board members to assert the bank's corporate governance remains robust.
Mehul Kothari of Anand Rathi Shares and Stock Brokers has recommended Bajaj Finance, HDFC Bank, and Mahindra & Mahindra (M&M) as top stocks to buy today, March 18, 2026.
HDFC Bank has eliminated more than 3,300 jobs as it accelerates its automation and technology-led transformation initiatives. This move reflects the bank's strategic shift towards increased digital operations.
Several financial changes will take effect in India starting July 1, 2026, including new income tax filing deadlines, a temporary free period for Aadhaar email updates, and shifts in SBI Card rewards and HDFC Bank credit card lounge access eligibility.
BusinessTimes of Indiaindian-express1mo ago2 sources
HDFC Bank has received a 'clean chit' following reports from law firms and an internal review that found no evidence to support statements made by its former chairman.
The Reserve Bank of India (RBI) has approved a three-month extension for Keki Mistry as the interim chairman of HDFC Bank. This decision comes amidst ongoing discussions and without a public report from law firms regarding the matter.
HDFC Bank and SBI have been ordered to pay compensation to customers for delays and wrongful freezing of their bank accounts. These rulings highlight issues with customer service and account management at major Indian banks.
India's apex consumer body has criticized HDFC Bank for the 'illegal' seizure of a car and upheld compensation for the borrower, reinforcing consumer protection.
The Bombay High Court has directed HDFC Bank to remit Rs 38 lakh to a victim of cyber fraud, ruling that the individual was wrongfully deprived of their funds.
The departure of HDFC Bank's chairman is reportedly influenced by factors including Dubai curbs, scrutiny over bonds, and internal rifts within the organization.
HDFC Bank, one of India's largest private sector banks, is set to review the circumstances surrounding its chairman's exit following emerging ethics concerns.
HDFC Bank's shares experienced their worst day since the Covid crash following the resignation of its chairman, who cited ethical concerns as the reason for his departure.
The Federal Reserve is in a waiting period, contemplating its next moves as the stock market experiences a reversal influenced by wartime conditions, adding complexity to economic forecasts.
Billionaire investor Ken Fisher has publicly expressed his admiration for HDFC Bank Limited (HDB), highlighting his positive view on the Indian financial institution.