Keywords: Hdfc bank
India’s largest private sector lender, HDFC Bank, is preparing to raise at least $500 million through a dollar-denominated bond issuance this week, taking advantage of a subsidised hedging facility introduced by the Reserve Bank of India (RBI), according to sources familiar with the matter. The......
Kotak Mahindra Bank reported stronger-than-expected quarterly earnings, supported by solid loan expansion and lower provisions for bad debts, highlighting continued momentum in India’s private banking sector. The Mumbai-based lender posted a 13% rise in standalone net profit for the quarter ending......
The unexpected resignation of the chairman of HDFC Bank has drawn attention to internal tensions within one of India’s largest private lenders, raising concerns among investors and market observers. Atanu Chakraborty stepped down from his role citing differences related to “values and ethics,”......
India’s market regulator has initiated a preliminary review of former HDFC Bank chairman Atanu Chakraborty’s resignation letter to assess potential violations of rules governing directors of listed companies, according to sources familiar with the matter. In his letter, Chakraborty cited......
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