IDFC First Bank Scam: Vikram Wadhwa Gets 7-Day Remand
A Chandigarh court has sent businessman Vikram Wadhwa to seven-day police remand in the IDFC First Bank fraud case, involving fake FDRs and unauthorized transactions worth over Rs 116 crore.
Category : Banking
Manipal Hospitals Files for Record Rs 10,500-11,000 Crore IPO
Manipal Hospitals is set to file its DRHP this week for an IPO expected to raise Rs 10,500-11,000 crore, potentially India's largest healthcare public offering. The funds will retire debt and fuel expansion.
SBI Funds Management Files IPO Papers with SEBI
SBI Funds Management, a subsidiary of State Bank of India, has filed draft papers with SEBI for an initial public offering to raise capital through a fresh issue and an offer for sale.
Shilpa Shetty Gets Tax Relief: ITAT Orders Gift Re-examination
Mumbai ITAT grants Shilpa Shetty Kundra partial relief, ruling gift deed and PAN alone insufficient to prove Rs 12.5 crore gift genuineness. Tribunal directs fresh I-T examination with complete evidence.
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ED Attaches Rs 93 Lakh Assets of Ex-SBI Manager in Fraud
Enforcement Directorate Ranchi provisionally attached properties worth Rs 92.97 lakh of former SBI manager Manoj Kumar and family, linked to a Rs 5.40 crore fraud involving unauthorized transactions from customer accounts.
Rupeezy Launches SIF for Advanced Investment Planning
Rupeezy introduces SIF, an AI-driven investment planning tool that offers personalized financial strategies, real-time market insights, and automated portfolio management for users.
HDFC Bank CEO Asked to Reconsider Resignation
HDFC Bank management has requested CEO Atanu Chakraborty to reconsider his resignation and adjust the wording in his departure letter, while expressing confidence in recovering from reputational challenges.
Finance Ministry Official Lauds HDFC Bank's Strong Fundamentals
A former Finance Ministry official, Chakraborty, has commended HDFC Bank, describing it as a strong institution with robust fundamentals, highlighting its stability in the banking sector.
Gold Futures Drop Over 2% on Strong Dollar, Weak Cues
Gold prices fell sharply in futures trade on Thursday, driven by a stronger US dollar and weak global cues. MCX gold contracts dropped by Rs 3,616, while international Comex futures declined by $120.84 per ounce.
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Gold Futures Plunge Rs 3,616 to Rs 1.49 Lakh per 10g
Gold futures on MCX plummeted by Rs 3,616, or 2.36%, to Rs 1,49,409 per 10 grams amid weak global cues and significant trading volume of 7,387 lots.
HDFC Bank Leadership Shift: Keki Mistry Interim Chairman
HDFC Bank sees a sudden top-level change as Atanu Chakraborty resigns, citing personal ethics. Keki Mistry, a veteran with 40+ years, steps in as interim chairman for three months, approved by RBI.
RBI: No Governance Issues in HDFC Bank Chairman's Exit
The Reserve Bank of India has stated there are no material concerns regarding conduct or governance in the exit of HDFC Bank's chairman, confirming the bank's strong capital and liquidity position.
HDFC Bank's Mistry Assures Stability Post-Chairman Exit
HDFC Bank's Interim Chairman Keki Mistry assures investors of governance stability and business continuity following the sudden resignation of acting Chairman Atanu Chakraborty, emphasizing no impact on operations.
Smallcap NBFC Allots 51,000 Non-Convertible Debentures
A smallcap non-banking financial company has approved the allotment of 51,000 non-convertible debentures, a move that could impact its share price and market position.
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Bombay HC: Trust Registration Not Denied for Irrevocability Clause
The Bombay High Court has ruled that charitable trusts cannot be denied registration under Section 12AB of the I-T Act due to lack of an explicit irrevocability clause, benefiting many trusts and overturning I-T department rejections.
IDBI Bank Recruitment 2026 Registration Closes Today
IDBI Bank closes registration for over 200 vacancies today, March 19, 2026. Candidates must hold a bachelor's degree and meet age criteria. Apply via idbi.bank.in before deadline.
Dhan Launches DEXT T3 Terminal for Super Traders
Dhan unveils DEXT T3, a highly customizable trading terminal built on its proprietary engine, offering low latency, multi-screen support, and seamless integration for Indian super traders.
IIFCL Recruitment 2026: 37 Vacancies for Manager Posts
India Infrastructure Finance Company Limited (IIFCL) has announced recruitment for 37 Assistant Manager and Manager positions. Applications open from March 18 to April 10, 2026. Check eligibility, age limits, and selection process details.
HSBC AI Job Cuts: 20,000 Roles at Risk Over 5 Years
HSBC Holdings Plc is reportedly planning to cut up to 20,000 jobs, about 10% of its workforce, over the next 3-5 years as it bets on AI to streamline operations. The bank's CEO sees AI as key to reducing costs and boosting productivity.
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HDFC Life Recognized for Corporate Governance Leadership by IiAS
HDFC Life has been honored in the 'Leadership' category of the Indian Corporate Governance Scorecard by IiAS, scoring 75+ as of December 2025. This milestone highlights the insurer's commitment to transparency and accountability.
Chakraborty Calls HDFC Bank Resignation Routine, RBI Reassures
Former HDFC Bank Non-Executive Chairman Atanu Chakraborty describes his resignation as routine, with RBI confirming the bank's financial soundness and governance.
SEC Alert: Avoid Group Chat Investment Scams and Fraud
The US SEC issues a critical alert advising investors not to rely solely on group chats for investment decisions, highlighting scams involving impersonation and fake AI tools.
HDFC Bank Shares Drop 9% After Chairman Quits
HDFC Bank shares tumbled nearly 9% to 52-week lows after Chairman Atanu Chakraborty resigned citing ethical concerns, eroding Rs 65,176 crore in market value.
IDBI Bank JAM Recruitment: Apply by March 19 for 1,100 Posts
IDBI Bank closes Junior Assistant Manager Grade 'O' registration today, March 19, 2026. Online exam on April 12. Check eligibility, salary, and selection process details.
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HDFC Bank: Chakraborty Resigns, Mistry Interim Chairman
HDFC Bank announces the resignation of Chairman Atanu Chakraborty, appointing Keki Mistry as interim chairman. The move comes amid market scrutiny of the bank's ADR performance and governance.
HDFC Bank Stock Drops After Chairman's Ethical Resignation
HDFC Bank shares fell sharply after part-time chairman Atanu Chakraborty resigned, citing misalignment with his principles. The stock opened down 4.39% amid broader declines.
HDFC Bank Chairman Resigns Over Values and Ethics Differences
Atanu Chakraborty, Chairman of HDFC Bank, has resigned from his position, citing differences in values and ethics with the bank's management. This unexpected move raises questions about governance and leadership at India's largest private sector bank.
Morgan Stanley Bullish on RIL, Analysts See $3B Green Deal
Morgan Stanley maintains overweight rating on Reliance Industries with a Rs 1,803 target. Analysts highlight a $3 billion green ammonia deal and a $20 billion valuation for RIL's new energy business, citing strong growth prospects.
HDFC Bank Chairman Resigns Over Ethical Concerns on Internal Practices
Atanu Chakraborty resigns as HDFC Bank's non-executive chairman, citing internal practices misaligned with his values. The move raises governance questions at a key financial institution.
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SC: Banks Must Follow Customer Instructions, Canara Bank Liable
The Supreme Court of India has ruled that banks must strictly adhere to customer instructions, holding Canara Bank liable for wrongfully transferring funds to a third party in a landmark judgment.
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