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Keki Mistry may get extension at HDFC Bank

"Senior executives and board members at HDFC Bank are understood to be in favour of maintaining continuity at the top level until the ongoing legal review is completed and its findings are discussed by the board," a bank official said. "The view within the bank is that initiating the process for appointing a new chairman before the review concludes could be premature and may complicate governance discussions currently underway." from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/r3YbBZL via IFTTT
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Govt state-run banks, insurance firms to cut costs, shift to EVs; SBI, LIC employees to get affected

India’s finance ministry has directed state-run banks, insurers and financial institutions to cut costs through measures such as limiting travel, holding meetings virtually and shifting to electric vehicles. The order applies to institutions including State Bank of India, Bank of Baroda and Life Insurance Corporation of India. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/4GAS8LI via IFTTT
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ICICI Bank to retain majority stake in ICICI Pru Life as Prudential buys 75% in Bharti Life

ICICI Bank will maintain its majority stake in ICICI Prudential Life Insurance following its partner Prudential's acquisition of a controlling stake in Bharti Life. This move necessitates Prudential reducing its holding in ICICI Prudential Life to below 10%. Despite market jitters, ICICI Bank reaffirms its long-term commitment to the life insurer. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/fiHZcpA via IFTTT
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SBI must pay Rs 5 lakh to woman despite 6-year delay in claim: Nagpur consumer panel

A Nagpur consumer commission directed SBI to pay Rs 5 lakh to a widow. The payment is for an insurance claim filed six years late. The commission cited the widow's mental shock after her husband's sudden death. It stated the bank failed to inform customers of their rights. The bank's refusal was deemed a deficiency in service. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/r6p4jwP via IFTTT
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Former Yes Bank CEO Rana Kapoor, Sudhir Valia booked in a fraud case by the Mumbai Police

Mumbai Police have filed a fresh FIR against former Yes Bank co-founder Rana Kapoor and investor Sudhir Valia for an alleged ₹1,000-crore fraud. The case involves the premature transfer of loan recovery rights and undervalued sale of mortgaged assets belonging to Sapphire Land Development Pvt Ltd. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/gZE1aY7 via IFTTT
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TVS, other investors keen to buy into Jana Small Finance Bank

Jana Small Finance Bank is poised for a significant capital infusion. The TVS Venu Group plans to acquire a 10% stake. Several other investors are also lining up to invest. This marks Jana's first equity raise since going public. The bank's capital adequacy ratio remains strong. TPG Capital may partially reduce its holding. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/Fm6BR7x via IFTTT
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Better recoveries, low slippages pull down PSU banks write-offs to multi-year lows in FY26

Public sector banks in India saw loan write-offs fall to multi-year lows in fiscal year 2025-26. This positive trend is attributed to fewer new bad loans and better recovery of existing ones. Banks like Bank of Baroda and Punjab National Bank reported their lowest write-offs in years. This signifies a healthier balance sheet for these institutions. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/tRIw3Y8 via IFTTT
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