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The revised framework, scheduled for implementation on or before April 1, 2026, aims to strengthen regulatory frameworks and promote responsible lending practices.
Published on: March 23, 2026
Svatantra Microfin has successfully merged with Chaitanya India Fin Credit and Svatantra Holding, solidifying its position as India's second-largest NBFC-MFI. This strategic move, approved by the NCLT, creates a combined entity managing approximately Rs 22,000 crore in Assets Under Management.
Published on: March 23, 2026
Capital markets regulator Sebi chairman Tuhin Kanta Pandey has spoken out after a top banker resigned. Pandey stressed that independent directors must act responsibly. He said they should not make insinuations without proper evidence. The resignation had caused concern among investors. Sebi will investigate all aspects of the matter to bring out the facts.
Published on: March 23, 2026
A massive ₹80,000 crore in motor accident compensation claims remains stuck in India's legal system. Over 10.46 lakh cases are pending, with victims facing significant delays and procedural hurdles. Low awareness about compensation schemes is a major barrier. Many eligible claimants never receive the financial aid they are entitled to, highlighting critical inefficiencies.
Published on: March 23, 2026
The government has no current proposals for merging public sector banks, according to Minister of State for Finance Pankaj Chaudhary. He highlighted the success of past amalgamations, citing significant growth in business for merged entities. Additionally, the EASE 9.0 Reforms Agenda aims to build globally competitive PSBs by 2047.
Published on: March 23, 2026
Gold loan companies are asking the Finance Ministry and Reserve Bank of India to delay new lending rules. The guidelines, set for April 1, are requested to be put on hold for six months. This deferment is sought due to global uncertainty and credit access risks.
Published on: March 23, 2026
Ananya Birla's Svatantra Microfin has successfully merged with Chaitanya India Fin Credit, following its acquisition from Navi Group. This integration creates a robust financial institution with approximately Rs 22,000 crore in assets under management. The combined entity boasts a vast network of 2,200 branches and serves around 5 million customers across 20 states.
Published on: March 23, 2026
HDFC Bank is set to convene board meetings with the intention of scrutinizing its previous resolutions. The focus is on fostering transparency, as Managing Director Sashidhar Jagdishan emphasizes that operational challenges will lead to stricter oversight. Any conduct-related issues will be tackled decisively.
Published on: March 23, 2026
Kotak Mahindra Bank is poised to take a major leap by acquiring Deutsche Bank's retail operations in India for around Rs 4,500 crore. This deal promises to strengthen Kotak's retail lending capabilities and broaden its base of deposits. Meanwhile, Deutsche Bank's exit reflects a larger strategy to streamline its operations worldwide.
Published on: March 23, 2026
We will convene multiple board meetings over the next month to get the views of all directors on decisions taken over time. We will re-examine them, evaluate the action points and see where we need to improve. This issue was not of our making; it was thrust upon us. We will take stock of past matters and address all issues-existing or new-without hiding anything, says Sashidhar Jagdishan, MD & CEO, HDFC Bank.
Published on: March 22, 2026
A new credit guarantee scheme aims to boost lending to microfinance firms. However, banks remain cautious. They will prioritize financially strong micro lenders with good credit ratings. Stressed microfinance institutions, especially smaller ones, may still face funding challenges. The guarantee offers partial protection but banks will not compromise their underwriting standards.
Published on: March 22, 2026
Tata Capital has received a tax demand of Rs 413.18 crore for the financial year 2017-18. The demand includes interest and arises from alleged tax credit errors. The company believes the demand is unsustainable due to computation errors. Tata Capital plans to file rectification applications and appeals. It expects a favorable outcome and no material impact on its financials.
Published on: March 22, 2026
The government is considering an Offer-for-Sale (OFS) in IDBI Bank to raise public shareholding after a failed attempt to sell a majority stake. The move aims to improve valuation and price discovery, as the current public float is just 5.29%.
Published on: March 22, 2026
Uday Kotak has increased his stake in Infina Finance through his family trust, acquiring 8.99% for ₹375.35 crore as part of a broader stake sale by Kotak Mahindra Capital Company. In the larger transaction worth ₹1,293.91 crore, KMCC sold a 30.99% stake in Infina Finance.
Published on: March 22, 2026
The NCLAT has granted an exemption to certain IL&FS Group companies from corporate social responsibility spending. This waiver applies to 'red' and 'amber' category entities. The decision stems from interest expenses accrued on their loan amounts. This move benefits approximately 50 companies within the debt-ridden IL&FS Group.
Published on: March 22, 2026
Managing the current crude oil, CNG, and LPG situation in India has become a primary focus as global supply chains face a "hard lockdown" due to escalating conflict in West Asia. India is leveraging its unique diplomatic standing to secure energy supplies despite significant disruptions at the Strait of Hormuz.
Published on: March 22, 2026
Kotak Mahindra Capital Company will sell a 30.99% stake in Infina Finance for over ₹12,939 crore. The transactions, expected to conclude by March 31, 2026, include transferring a 9.90% stake to Derive Trading and Resorts and Bright Star Investments for ₹413.35 crore.
Published on: March 21, 2026
Axis Bank proudly announces its role as the official banking partner for the DP World Professional Golf Tour of India, a move that promises to invigorate the golfing landscape in the country. With support for all tournaments this season, this partnership is a commitment to fostering golf talent and enhancing accessibility for fans.
Published on: March 21, 2026
State Bank of India is contesting a Rs 6338 crore income tax demand for assessment year 2023-24. Meanwhile, IDBI Bank faces a Rs 5.5 crore penalty for FY 2020-21, and ICICI Bank received a Rs 384 crore GST demand from Maharashtra.
Published on: March 20, 2026
HDFC Bank has addressed client onboarding issues at its Dubai branch. Personnel changes were made following an internal review. This action comes after regulatory scrutiny and a ban on new clients at the DIFC branch. The bank is committed to compliance and high standards. These developments follow previous concerns about cross-border operations.
Published on: March 20, 2026
In a statement, the Reserve Bank said a statutory inspection for supervisory evaluation of the bank was conducted with reference to its financial position as of March 31, 2025.
Published on: March 20, 2026
Indian banks are paying record premiums for short-term funds. This is driven by sluggish deposit growth and a heavy reliance on certificates of deposit. Borrowings have reached an all-time high. Experts anticipate this pressure to continue until the end of the year. Banks are seeking measures to ease this funding strain.
Published on: March 20, 2026
State Bank of India faces a significant Rs 6,337 crore income tax demand for the assessment year 2023-24. The bank has received an order from the Income Tax Department. This demand stems from disallowances made during scrutiny assessment. SBI plans to challenge this order by filing an appeal.
Published on: March 20, 2026
HDFC Bank's stock plunged after chairman Atanu Chakraborty resigned citing ethical concerns. Investors expressed disbelief during a call where management offered no clear explanations. Chakraborty, a former bureaucrat, later called his departure 'routine,' but the market reacted sharply, wiping billions in value. Analysts questioned the board's lack of specifics regarding the resignation.
Published on: March 20, 2026
The Reserve Bank of India stepped in to assure markets about HDFC Bank's governance following the unexpected resignation of its part-time chairman, citing "values and ethics." Despite the RBI's statement, the bank's stock experienced a significant intraday fall, contributing to broader market declines. Management stated they had no insight into the chairman's reasons for leaving.
Published on: March 20, 2026
HDFC Bank chairman Atanu Chakraborty has resigned unexpectedly. This move follows reports of disagreements with the bank's leadership. Sources suggest Chakraborty's involvement in daily operations and senior promotions caused friction. The bank's management and the regulator reportedly aligned against the chairman's actions. This development follows the significant merger of HDFC and HDFC Bank.
Published on: March 19, 2026
HDFC Bank aims to bolster investor trust following a significant dip in stock prices. With the resignation of its non-executive chairman over ethical concerns, the interim chairman reassures stakeholders, emphasizing that there are no pressing issues impacting the bank's operations. The institution's strong fundamentals remain intact, and management is proactively engaging with shareholders to rebuild confidence.
Published on: March 19, 2026
ICICI Bank has received a significant Goods and Services Tax demand notice. Tax authorities have levied a demand of Rs 768.6 crore. This is for alleged short payment of GST on services provided to customers. The bank is already in litigation over similar past issues. ICICI Bank will contest the order through legal channels within the stipulated timeframes.
Published on: March 19, 2026
Following the abrupt resignation of HDFC Bank's part-time chairman, Atanu Chakraborty, the Reserve Bank of India has assured markets of robust governance at the bank. Investors reacted sharply, leading to a dip in stock prices. Despite management expressing uncertainty regarding the circumstances surrounding his departure, they are already commencing the search for a new permanent chairman to ensure continuity.
Published on: March 19, 2026
HDFC Bank's CEO Sashidhar Jagdishan revealed efforts to persuade former chairman Atanu Chakraborty to withdraw his resignation. Chakraborty cited ethics concerns, leaving the board baffled. Board members repeatedly asked for specifics but received none. Keki Mistry has been appointed interim chairman. The bank aims to stabilize its reputation.
Published on: March 19, 2026
The Bombay High Court has strongly condemned loan defaulters and guarantors for exploiting the Insolvency and Bankruptcy Code. This practice allows them to seek immunity by triggering a moratorium, thereby stalling recovery efforts by secured creditors. The court highlighted that such actions frustrate the IBC's core objectives and negatively affect the nation's economy.
Published on: March 19, 2026
HDFC Bank Chairman Atanu Chakraborty has resigned due to ethical concerns. The Finance Ministry and Reserve Bank of India have stated the bank is strong with sound fundamentals. Keki Mistry has been appointed interim chairman. Chakraborty cited personal values and ethics for his decision. The bank's merger with HDFC Ltd created a large financial entity.
Published on: March 19, 2026
The ongoing conflict in West Asia is making travellers and insurance companies rethink travel insurance. Geopolitical risks are a growing concern. Insurers are seeing more claims for flight and trip cancellations. While direct financial impact is limited now, policies often exclude war-related losses.
Published on: March 19, 2026
HDFC Bank faces renewed governance scrutiny after its non-executive chairman resigned over ethical differences. This follows a series of compliance issues. In November 2025, the bank was fined for using multiple loan benchmarks and outsourcing KYC. Dubai's regulator restricted a branch in September 2025.
Published on: March 19, 2026
India is stepping up support for its exporters. A new Rs 497 crore scheme, RELIEF, will provide insurance and financial aid. This aims to counter increased logistics costs and protect market share. The initiative addresses challenges from ongoing conflicts in West Asia. Exporters will receive enhanced coverage and compensation for losses.
Published on: March 19, 2026
HDFC Atanu Chakraborty Full Resignation letter: HDFC Bank said Atanu Chakraborty resigned as part-time chairman citing ethical concerns over certain practices, with the bank maintaining no other reasons for his exit.
Published on: March 19, 2026
Atanu Chakraborty, former Non-Executive Chairman of HDFC Bank, called his resignation a routine matter. The Reserve Bank of India has reassured stakeholders. The central bank stated that HDFC Bank remains financially sound and well-governed. It confirmed the bank has sound financials, a professional board, and competent management. The RBI noted no material concerns regarding conduct or governance.
Published on: March 19, 2026
The Reserve Bank of India has voiced confidence in HDFC Bank's operations and oversight. This comes after the resignation of its part-time chairman, Atanu Chakraborty, who cited personal values. The RBI stated there are no material concerns regarding the bank's conduct or governance. HDFC Bank remains well-capitalised with strong financials and a competent management team.
Published on: March 19, 2026
The Reserve Bank of India has approved a transition plan for HDFC Bank's part-time chairman. The central bank stated there are no major concerns regarding the bank's governance or conduct. HDFC Bank is described as a strong, well-capitalized institution with a capable board and management. The RBI will continue discussions with the bank's leadership on future steps.
Published on: March 19, 2026
HDFC Bank's board has denied any internal power struggle or governance issues after chairman Atanu Chakraborty's sudden resignation. Interim chairman Keki Mistry stated the board was unaware of Chakraborty's concerns. The bank assures investors that leadership remains aligned and business performance is unaffected. The Reserve Bank of India is informed and comfortable with the situation.
Published on: March 19, 2026
HDFC Bank has clarified the reasons behind Atanu Chakraborty's departure. He resigned as Part-time Chairman and Independent Director on March 18, 2026. The bank stated no other factors contributed to his exit. Chakraborty cited concerns over bank practices not aligning with his values. Keki Mistry has been appointed interim Part-time Chairman for three months.
Published on: March 19, 2026
Companies face escalating cost pressures due to the US-Israel and Iran conflict disrupting supply chains and raising raw material prices. Rising energy costs and freight charges will fuel inflation, squeezing margins across various sectors. Micro, small, and medium enterprises are particularly vulnerable to these mounting economic challenges.
Published on: March 19, 2026
India is exploring a dedicated fund to back insurers offering war-risk cover for ships. This move aims to ensure trade continuity through conflict zones like the Strait of Hormuz. Global reinsurers have withdrawn, making coverage difficult. The proposed facility, potentially similar to a past pool, would provide government backing to domestic insurers.
Published on: March 19, 2026
The government is poised to overhaul the Regional Rural Banks, spotlighting the importance of innovation and cooperation. This reform initiative will incorporate advanced technology and create new financial products, aimed at boosting the effectiveness of RRBs and establishing them as integral partners for their larger banking counterparts.
Published on: March 18, 2026
HDFC Bank chairman Atanu Chakraborty has resigned from the board. He cited practices within the bank that did not align with his personal values and ethics. Keki Mistry has been appointed interim chairman for three months. Chakraborty's tenure saw the significant merger of HDFC Bank with HDFC. His departure raises investor concerns for the systemically important lender.
Published on: March 18, 2026
Atanu Chakraborty has resigned as HDFC Bank's part-time chairman and independent director, citing concerns over "certain happenings and practices" not aligning with his personal values and ethics. His departure, effective immediately, follows two years on the board, during which he oversaw the significant merger with HDFC Ltd. Keki Mistry has been appointed interim chairman.
Published on: March 18, 2026
Centrum Group has sold its housing finance subsidiary, Centrum Housing Finance. Weaver Services, backed by Premji Invest, acquired a 75% stake. This deal was completed after receiving regulatory approval. Weaver Services also raised Rs 950 crore to fund this acquisition. The capital raise totaled Rs 1,450 crore. Lightspeed Venture Partners co-led the recent funding round.
Published on: March 18, 2026
A new chapter begins for Manappuram Finance as its subsidiaries, Asirvad Micro Finance and Manappuram Home Finance, have received the final nod from the Reserve Bank of India. This crucial approval enables Bain Capital to take indirect command over these companies.
Published on: March 18, 2026
Banks have approached the Supreme Court to release Rs 5,100 crore. This amount is part of a settlement for Sterling Biotech Ltd. and its group companies. The total outstanding debt is Rs 19,283.77 crore. Lenders agreed on a distribution formula. The court is expected to hear the matter soon. This move aims to recover a portion of the dues.
Published on: March 18, 2026
Axis Bank will inject Rs 1,500 crore into its subsidiary, Axis Finance, by March 2027. This capital infusion will be through a rights issue. The bank had previously considered selling a stake in Axis Finance but shelved the plan. This decision follows revised RBI guidelines allowing group entities to operate in similar businesses.
Published on: March 18, 2026
