HDFC Bank Stock Falls Sharply Following Resignation of Chairman Atanu Chakraborty
The chairman of HDFC Bank, Atanu Chakraborty, suddenly resigned. In his resignation letter, he said some things in the bank didn’t match his personal...
Banks Earn ₹19,000 Crore from Minimum Balance Penalties in Last 3 Years
A recent tweet by Raghav Chadha has sparked debate over the impact of minimum balance penalties imposed by banks. According to him, in the...
Union Bank of India Plans ₹20,000 Crore Fundraising via Infrastructure Bonds
Union Bank of India (a government-owned bank) wants to collect money from investors. The bank wants to raise ₹20,000 crore. It will do this...
Government May Shelve IDBI Bank Privatisation After Low Financial Bids from Buyers
The Central Government wanted to privatise IDBI Bank, which means selling its ownership to private investors. The plan was to complete this process in...
Demonetisation Case: Axis Bank Ordered to Pay ₹3.19 Crore After Refusing Old Notes from...
The National Consumer Disputes Redressal Commission (NCDRC) has ordered Axis Bank to pay ₹3.19 crore to a Delhi-based logistics company called Procure Logistics Services...
IDFC First Bank ₹597-Crore Fraud Case: ED Searches 19 Locations, Freezes Over 90+ Bank...
India’s financial crime agency, the Directorate of Enforcement (ED), carried out searches at 19 places in cities like Chandigarh, Mohali, Panchkula, Gurgaon and Bengaluru...
YES Bank Names Vinay Muralidhar Tonse as MD and CEO for 3 Years
YES Bank has appointed Vinay Muralidhar Tonse as its new Managing Director (MD) and Chief Executive Officer (CEO) for three years. This appointment was...
MCLR Hike: Canara Bank Revises Lending Rates Effective Thursday
Canara Bank has decided to increase the interest rates it charges on some loans. The bank will raise its MCLR (Marginal Cost of Funds...
Viksit Bharat Push: Government Committee May Review Key Banking Sector Issues
The government has formed an important committee to study and review India’s banking system. The committee will look at several issues, to help achieve...
Senior Citizen Wins ₹5 Lakh Compensation in ATM Card Fraud Case Against Bank
The Maharashtra State Consumer Disputes Redressal Commission in Mumbai ordered Bank of India to pay ₹5 lakh compensation to a 65-year-old woman because of...