The move comes after last week's resignation of former part-time chairman Atanu Chakraborty and sacking for three senior executives linked to the alleged mis-selling of Credit Suisse's AT-1 bonds
Whether it is the ongoing drama at Tata Sons or the one which has started unfolding at HDFC Bank, the person perceived as ‘someone’s man’ is turning out to be the kingpin. In the near-term, such ego wars may delay decision making. But these battles are essential for the long-term good. One gets to know who runs the company – its management or the board
Leadership exits cannot afford to be ambiguous. Clarity, responsibility, and accountability are essential to maintaining trust
Sampath Kumar, Group Head of Branch Banking at HDFC, is among the three executives asked to leave
The core concern is whether standard aviation insurance policies adequately protect crew operating in or near conflict zones
The scheme, titled Resilience & Logistics Intervention for Export Facilitation (RELIEF), seeks to ensure continuity in trade flows as conflict-linked disruptions strain key shipping routes and inflate freight and risk premiums
Small firms that feel the pressure of the war on earnings must be assessed for defaults by banks
These comments come after former part-time Chairman Atanu Chakraborty suddenly resigned in a letter dated March 17
A look at the regulatory actions, leadership milestones and legal challenges that have defined the bank’s recent journey
The earlier discussions of forming a regulatory body for health insurers and hospitals may be off the table, confirmed one industry executive familiar with the matter
The veteran banker’s assumption of more responsibilities follows the sudden resignation of former part-time chairman Atanu Chakraborty
Mistry noted that the merger of HDFC Bank of HDFC Ltd was successful and the continued results have given the new entity a stronger presence
Total grievances in the insurance sector touched 2.57 lakh in FY25, up from about 2.02 lakh in FY23, pointing to a consistent increase in friction between insurers and customers
India needs bigger banks to match its growing economy. These banks can support global trade and money flows. Strong PSBs and global banks can grow together
The potential divestment is part of StanChart's strategy to reduce focus on single-product clients
Insurers, analysts warn new accounting norms could disrupt near-term profit visibility
The discussions centred around standardising data-sharing protocols and accelerating system integration across insurers, as the regulator looks to build a centralised repository of policyholder records under the PIR
IDBI Bank stake sale news: The government and Life Insurance Corporation of India had launched the strategic disinvestment process in 2022 to sell about a 60.7 percent stake in the bank.
India’s household financial assets have reached $19.3 trillion as savings move from deposits to investments like mutual funds, PMS and AIFs, says V. Vaidyanathan.
The 61% stake that the government and a state-run insurer planned to sell in the private lender is worth about $6.5 billion at the current market price.
Policy rate cut transmission may finally be over as lending rates are climbing
Banking sector outlook remains stable with benign asset quality and credit growth seen in low–mid teens for FY26–27, according to Moody’s
Among listed insurers, performance was mixed but largely positive on the APE front
The discussions come amid fears that the withdrawal of war-risk insurance and rising maritime security risks could disrupt crude oil shipments to India, which relies heavily on supplies from the Gulf.
In an email interview with Moneycontrol, DBS’ Rao warned of an upside to inflationary pressures in the coming months, should oil prices remain elevated at more than $70 per barrel for a sustained period of time.