All Banking & Crypto Related Details

HDFC Bank is reviewing the resignation of its chairman, Atanu Chakraborty. The bank has appointed external law firms to investigate the matter. Chakraborty cited practices not aligned with his values for stepping down. The bank's CEO stated they are examining all possibilities. Shares of HDFC Bank saw a decline following the resignation. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/bkWp7vT via IFTTT

HDFC Bank is hiring law firms to review the resignation letter of its former part-time chairman, Atanu Chakraborty. Chakraborty stepped down citing differences over values and ethics. The bank stated there were no material issues. The Reserve Bank of India affirmed HDFC Bank's sound financial standing. Keki Mistry has been appointed interim chairman. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/0NoUv48 via IFTTT

Bank of Baroda, said multiple people ET spoke with, charged a higher interest rate by mistake, leading to the deduction of an amount exceeding the scheduled equated monthly instalment (EMI). Alternatively, the bank charged less interest in some cases than it ought to have, its spokesperson said. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/TksOmYt via IFTTT

The government has no current proposals for merging public sector banks, according to Minister of State for Finance Pankaj Chaudhary. He highlighted the success of past amalgamations, citing significant growth in business for merged entities. Additionally, the EASE 9.0 Reforms Agenda aims to build globally competitive PSBs by 2047. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/PO2DF4x via IFTTT

HDFC Bank is set to convene board meetings with the intention of scrutinizing its previous resolutions. The focus is on fostering transparency, as Managing Director Sashidhar Jagdishan emphasizes that operational challenges will lead to stricter oversight. Any conduct-related issues will be tackled decisively. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/jx7ML3O via IFTTT

We will convene multiple board meetings over the next month to get the views of all directors on decisions taken over time. We will re-examine them, evaluate the action points and see where we need to improve. This issue was not of our making; it was thrust upon us. We will take stock of past matters and address all issues-existing or new-without hiding anything, says Sashidhar Jagdishan, MD & CEO, HDFC Bank. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/HRxJqlX via IFTTT