The Hindu Businessline

Earlier this month, the proposed sale of a 60.72 per cent majority stake, held jointly by the government and the LIC, was scrapped after financial bids from two potential buyers reportedly fell short of the reserve price

Stake sale across investors to bring holding down from nearly 50% to 19%

This is TVS Capitals first investment in the wealth management sector

Operating revenue grew 20% to 669.5 crore, with over 95% coming from services

HDFC Bank said it identified gaps, conducted a review, and took remedial action in line with its policies

Investor unease persists as board evaluates leadership transition and next steps

SBI noted that it is already in litigation on similar grounds for earlier assessment years

Economists say the economy faces challenges on imported inflation via the energy route, possibility of widening current account deficit and rising fiscal deficit

The Latest Fixed Deposit Interest Rates: Mar 13, 2026

The Latest Home Loan Interest Rates: Mar 13, 2026

The liquidity injected was much lower than the notified amount of 75,000 crore, despite a sharp drop in surplus liquidity in the banking system due to advance tax payments

Income Tax order relates to AY24 scrutiny assessment proceedings

A criminal case was registered against Reliance Communications, Anil Ambani and others on a complaint received from State Bank of India, which is the lead bank in a consortium of 11 banks

Stock hits 52-week low; banks board may approach M Rajeshwar Rao, former Deputy Governor of RBI, to replace Chakraborty

Differences of opinion/views will always be there between individuals, but there was nothing substantive whatsoever in the bank

The court said it has noticed a disturbing trend in which chronic defaulters take resort to the provisions of the IBC to frustrate secured creditors and auction purchasers from proceeding under the provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act

The RBI approved Keki Mistry as interim part-time chairman, ensuring a smooth transition amid the ongoing HDFC-HDFC Bank merger

HDFC Bank says chairmans exit could be due to a rift with the banks management team

The shares of HDFC Bank fell as much as 8.7% on Thursday before paring losses, after the exit of part-time chairman Atanu Chakraborty citing ethical concerns. RBI has reassured that the bank is financially sound and that there are no material concerns as regards its conduct or governance. Chakraborty has called his resignation quite routine and othing worth discussion.

Nothing worth discussion, says former Non-Executive Chairman of HDFC Bank Atanu Chakraborty about resignation

HDFC Bank part-time chairman Atanu Chakraborty resigns citing differences with the lender over values and ethics

It opened at 770, the days low and a new 52-week low, breaking the previous range floor

Non-client facing roles in global service centres among those expected to be most impacted

With Kevin Warshs nomination pending and legal proceedings ongoing, Powell signalled he could serve as chair pro-tem beyond his May term-end if needed

While policymakers still expect one rate cut this year, growing uncertainty and sticky inflation have made future moves less predictable.

Cites mismatch between his personal values and some of the banks practices witnessed over the last two years

Customers can simply scan the QR code, enter the withdrawal amount, and authenticate using their UPI PIN

Public sector bank secures necessary approvals

Dragged by rising crude oil prices and escalating war in West Asia

The tri-party repo platform is enabling corporates and financial institutions to access low-cost liquidity using corporate bonds, reducing reliance on traditional bank funding and driving strong market adoption.

The move aligns with its strategy to exit non-core, single-product relationships and focus on affluent clients

With all statutory clearances in place, the deal is set to close by March 2026, after which Bain Capital will acquire joint control and a significant stake in the company

The banks placed on record a consolidated computation of claims across multiple Group entities and setting out the methodology adopted for the distribution of the amount

Gen Z emerged as the fastest-growing segment, increasingly opting for secured credit like gold and two-wheeler loans.

AFL, incorporated on April 27, 1995, has posted consistent revenue growth over the past three years

Lenders plan infrastructure bond issuances amid strong institutional demand

The company said it will focus on women-led businesses and sectors with limited access to formal finance

The application is for the establishment of a statutory insurance and reinsurance corporation, authorised to undertake insurance and reinsurance business, with funds to be remitted from Lloyds head office in London

Axis Bank has reconsidered stake sale in Axis Finance after the central bank eased its rules on overlapping activities between banks and their subsidiaries

The blockchain industrys virtual-first structure has kept the UAE crypto industry resilient as the West Asia conflict enters its third week

Regulatory guidelines, app directory, blocking orders and awareness campaigns in place; states primarily responsible for enforcement and prosecution

The bonds are issued for a tenor of 10 years, with call option after 5 years and each anniversary date thereafter

Available through its app, the direct-to-customer product eliminates intermediary costs, enabling competitive pricing

With UPIs robust infrastructure and integration with LankaQR, the initiative aims to enable seamless transactions

The initiative aims to strengthen the digital payments ecosystem while improving financial inclusion, especially in rural and semi-urban areas

Indian companies mopped up $5.336 billion in January 2026 against $4.435 billion in December 2025, per RBI data

RBI has infused 3.50 lakh crore of durable liquidity into the banking system through open market purchase of government securities since January 2026

In 202324, a penalty of 2 crore was levied on Reliance General Insurance Company for unfair business practices. Similarly, penalties have been imposed on other companies including Bajaj Finance Ltd (2 crore), HDFC Life Insurance (2 crore), SBI Life Insurance (1 crore) and Royal Sundaram General Insurance (1 crore)

The research, conducted with Zyla Health and published in Cureus, analysed data from 29,463 customers during FY24