Dr. Subhash Chandra: ₹4,262 Cr Insolvency Settlement Plan
Dr. Subhash Chandra’s office clarifies personal insolvency proceedings, detailing a ₹4,262 crore settlement plan with lenders after reconciliation.
HDFC Bank ADR Gains Amid CEO Search & Low Valuations
HDFC Bank ADR climbs 2.76% as investors react to multi-year low valuations and the bank’s active search for a new CEO. Market cap Rs 14.84 lakh crore.
Subhash Chandra: Borrowers to Settle Rs 4,262 Cr Claims
Zee Group founder Subhash Chandra confirms borrowers will settle Rs 4,262 crore in claims, pending reconciliation. Clarifies personal guarantee details.
India Unifies Time: Indian Standard Time (IST) Now Official
India officially adopts Indian Standard Time (IST) as its sole official time, impacting banking, fintech, and transport sectors with new rules effective soon.
HDFC Bank Leadership Change: Jagdishan Exits Amid Governance Concerns
HDFC Bank faces leadership transition as CEO Sashidhar Jagdishan won’t seek reappointment by Oct 2026, amid governance scrutiny highlighted by IiAS.
SBI to Sell 1% NSE Stake Ahead of ₹30,000 Cr IPO
State Bank of India and SBI Capital Markets will divest a combined 1% stake in NSE, paving the way for the exchange’s massive ₹30,000 crore IPO. Details inside.
SBI Trims NSE Stake Ahead of Rs 30,000 Cr IPO
State Bank of India and SBI Capital Markets to sell 1% stake in NSE ahead of its massive Rs 30,000 crore IPO. Strategic capital move.
Tax Saver FDs: Grow ₹1.5 Lakh to ₹3 Lakh in 10 Years
Discover how Tax Saver FDs, like those from SBI & PNB, can potentially double your ₹1.5 lakh investment to over ₹3 lakh in just 10 years. Plan your tax savings!
HDFC Bank CEO Exit: Investor Confidence & Governance Tested
HDFC Bank faces scrutiny as CEO Sashidhar Jagdishan won’t seek reappointment. Investor confidence and governance are key as a swift leadership transition looms.
HDFC Bank Stock Faces Volatility Post CEO Jagdishan’s Exit
HDFC Bank shares are expected to be volatile following CEO Sashidhar Jagdishan’s surprising departure. Analysts predict near-term bearishness, with mixed views on long-term prospects.
UPI at 10: India’s Digital Payment Boom & Future Challenges
UPI celebrates 10 years of revolutionizing digital payments in India. Explore its explosive growth, the cash paradox, and future plans like MDR and credit lines.
Hero Motors Slashes IPO to Rs 1,000 Cr Amid SEBI Rule Changes
Hero Motors revises its IPO to Rs 1,000 crore following SEBI approval. Fresh issue is Rs 600 crore, OFS remains Rs 400 crore, aligning with new SEBI regulations.
Gujarat MSMEs Secure ₹3.79 Lakh Crore Credit, Exceeding Target
Gujarat MSMEs achieve a landmark Rs 3.79 lakh crore in credit in 2025-26, surpassing targets by 22% thanks to digital lending and enhanced banking support.
SBI Group to Sell 1% Stake in NSE’s ₹30,000 Crore IPO
State Bank of India and SBI Capital Markets plan to divest up to 1% in the National Stock Exchange’s massive ₹30,000 crore IPO, confirming participation in one of India’s largest public offers.
SBI Group to Sell 1% NSE Stake in Rs 30,000 Cr IPO
SBI Group plans to divest 1% of its stake in the National Stock Exchange (NSE) as part of NSE’s upcoming Rs 30,000 crore IPO. SBI’s mortgage portfolio also shows strong growth.
Bank Holidays: Branches Closed Up to 2 Days (Aug 31-Sep 6)
Major Indian banks, including SBI, HDFC, ICICI, and PNB, will close branches for up to two days between Aug 31-Sep 6, 2026, due to holidays. Digital services remain active.
IndusInd Bank Targets 1% RoA by FY27: Strategic Turnaround
IndusInd Bank aims for 1% RoA by FY27 under CEO Rajiv Anand, focusing on balance sheet stability and growth post-crisis. Key metrics show strong recovery.
UPI Dominates India’s Merchant Payments, Cards Decline
UPI captures 77.3% of India’s merchant payments in July, driving significant declines in credit and debit card usage. Explore the shift in digital transactions.
Lenders Fight Subhash Chandra’s ₹6.25 Cr Repayment Plan
Public sector lenders, including Canara Bank and LIC, challenge NCLT’s approval of Subhash Chandra’s meager ₹6.25 crore repayment plan against ₹22,006 crore claims.
SCSS vs Bank FDs for Seniors: Which is Better?
Senior citizens: SCSS offers 8.2% interest, while bank FDs vary. Compare rates, limits, and tax benefits to choose the best savings option for you.
Banks Challenge NCLT’s 0.03% Recovery Plan for Subhash Chandra
Union Bank & Canara Bank appeal NCLT’s approval of Subhash Chandra’s repayment plan, offering creditors a mere 0.03% recovery on Rs 22,006 crore claims.
NCLT Approves Subhash Chandra’s ₹6.25 Cr Repayment Plan, Lenders Appeal
NCLT approves Subhash Chandra’s ₹6.25 crore personal repayment plan against ₹22,006.57 crore claims, sparking appeals from Union Bank, HDFC Bank, and LIC Housing Finance.
HDFC Bank CEO Sashidhar Jagdishan Won’t Seek Reappointment
HDFC Bank CEO Sashidhar Jagdishan will not seek reappointment after his term ends Oct 2026, facing a tenure marked by merger and RBI scrutiny.
PSU Lenders Fight Subhash Chandra’s Rs 6.5 Cr Repayment Plan
Public sector lenders, including LIC Housing Finance, plan to appeal NCLT’s approval of Subhash Chandra’s Rs 6.5 crore repayment plan against Rs 22,000 crore claims.
J&K Bank Plans ₹1,000 Crore Equity Raise: Shareholder Meet Set
J&K Bank seeks shareholder approval for a ₹1,000 crore equity capital infusion at its 88th AGM on Sept 22, 2026, to strengthen its financial base and support growth.
Lenders Challenge NCLT Approval of Subhash Chandra’s Payout Plan
Canara Bank, Union Bank, and LIC Housing Finance are set to challenge the NCLT’s approval of Subhash Chandra’s ₹6.25 crore repayment plan, citing creditor objections.
Lenders Challenge Subhash Chandra’s Debt Plan Over 99.97% Haircut
Major lenders are appealing the NCLT’s approval of Subhash Chandra’s debt repayment plan, citing a 99.97% haircut on admitted claims for Rs 22,007 crore debt.
India’s Forex Reserves Hit Record High Amidst Moderating Output
India’s forex reserves reach a record $729.3B while industrial output moderates to 6.7% in July. Key corporate leadership changes and IPO approvals also noted.
HDFC Bank CEO Sashidhar Jagdishan to Exit in 2026
HDFC Bank MD & CEO Sashidhar Jagdishan will step down Oct 2026. Board begins successor search after Jagdishan cites ‘issues addressed’ as reason for departure.
HDFC Bank Accelerates CEO Search Post-Jagdishan’s Decision
HDFC Bank’s board is expediting the CEO succession search as Sashidhar Jagdishan opts not to seek re-appointment, with his term ending October 26, 2026.