Banks Challenge NCLT Order on Subhash Chandra’s Debt Reduction
Major banks like Union Bank, Canara Bank, and LIC Housing Finance will challenge an NCLT order reducing Subhash Chandra’s debt to ₹6.25 crore, a mere 0.03% recovery.
HDFC Bank CEO Sashidhar Jagdishan to Exit Oct 26
HDFC Bank CEO Sashidhar Jagdishan to step down on October 26. This marks a significant leadership transition amid broader shifts in India’s banking sector.
HDFC Bank CEO Sashidhar Jagdishan to Exit Oct 2026
HDFC Bank’s MD & CEO Sashidhar Jagdishan will depart on Oct 26, 2026, not seeking a third term. Succession planning intensifies with RBI’s focus on a new leader.
Lenders Fight NCLT Approval of Subhash Chandra’s Low Repayment Plan
Key lenders are appealing the NCLT’s approval of Subhash Chandra’s repayment plan, which offers a mere ₹6.25 crore against ₹22,000 crore in claims, raising concerns over creditor recovery.
SBI Funds Management Shares Dip 7.54% Amid Bearish Market
SBI Funds Management Ltd. shares fell 7.54% over six months and year-on-year, closing at ₹562.55 despite strong FY26 revenue growth. Technicals indicate a bearish outlook.
SCSS vs. MIS India: Maximize Retirement Income by Aug 2026
Compare SCSS and Post Office MIS for retirement income in India. Learn interest rates and investment limits to optimize your savings by August 2026.
Union Bank to Challenge Subhash Chandra Insolvency Plan Approval
Union Bank of India plans to challenge the NCLT’s approval of Subhash Chandra’s personal insolvency resolution plan due to significant creditor haircuts.
NCLT OKs Subhash Chandra’s Debt Plan, IBC ‘Associate’ Test Debated
NCLT approves Subhash Chandra’s personal insolvency plan, granting a 99.97% creditor haircut and igniting debate over the IBC’s ‘associate’ test.
UPI Dominates: Digital Payments Overtake Cards in India
Discover how India’s UPI is rapidly gaining market share, challenging and surpassing traditional debit and credit card transactions in the digital payment landscape.
HSBC Ultra Short Term Fund NAV Grows Slightly to 1041.9176
HSBC Ultra Short Term Fund NAV increased by 0.01% to 1041.9176 on August 28, 2026. Managed by Abhishek Iyer & Rahul Totla.
IOB Recruitment 2026: 291 Specialist Officer Jobs Open
Indian Overseas Bank announces 291 Specialist Officer vacancies for 2026, including Manager & Sr. Manager roles. Apply online Aug 29 – Sep 15. Check eligibility & details.
Franklin India Corporate Bond Fund NAV: ₹16.9946
Franklin India Corporate Bond Fund reports a NAV of ₹16.9946 as of August 25, 2026. Track debt mutual fund performance with Franklin Templeton.
NBFC Sector Recovery: Re-rating Ahead
India’s NBFC sector shows strong cyclical recovery with robust loan growth, improved asset quality, and emerging operating leverage, poised for a valuation re-rating.
DSP Banking & PSU Debt Fund Performance Review: NAV, AUM & Returns
Detailed performance analysis of DSP Banking & PSU Debt Fund (Regular Plan) covering NAV, AUM, and returns vs. peers as of Aug 28, 2026. Essential for debt investors.
NRIs Face Frozen Funds in Opaque HDFC Life Insurance Investment
Affluent NRIs’ funds are frozen in an opaque HDFC Bank-sold investment linked to US life insurance policies, revealing critical investment missteps and lack of transparency.
August 29: Banks Open in India, Not a Holiday
August 29, 2026, is a working day for major Indian banks like SBI & HDFC. It’s the 5th Saturday, not a national holiday. Learn RBI’s Saturday banking schedule.
Damani Holds Sundaram Finance Stake Amid 17% Q1 Growth
Ace investor Radhakishan Damani maintains 2.37% stake in Sundaram Finance. NBFC reports strong Q1 FY2027 with 17% AUM growth, driven by auto sector.
Bank Stock Price Gaps Widen Post New Indian Auction System
Indian bank stocks like IndusInd Bank and AU Small Finance Bank saw record price gaps post new closing auction system, raising market scrutiny.
Banks Open Aug 29, 2026: RBI Saturday Holiday Rules Explained
Major Indian banks like SBI, PNB, HDFC, ICICI, Axis Bank will be open on Aug 29, 2026. Understand RBI’s 2nd & 4th Saturday closure rules.
India Proposes CBDC & Digital Payments for BRICS Nations
India champions CBDC adoption and seamless cross-border digital payments for BRICS nations at the New Delhi summit, aiming for enhanced intra-bloc trade and efficiency.
August 2026: Top FD Rates & Special Offers
Discover the best Fixed Deposit rates in August 2026. Explore special tenures from DCB Bank, Indian Bank, and more for maximum savings.
UPI Dominates India’s Digital Payments, Cards Decline
UPI’s record 77.3% share drives India’s digital merchant payments up 19.6% in July, while credit and debit cards see significant market share decline.
India’s Forex Reserves Hit Record $729.3 Billion
India’s foreign exchange reserves reach an all-time high of $729.3 billion, boosted by RBI’s deposit scheme and rupee stabilization efforts.
Subhash Chandra: Essel Group Repaid Rs 43,000 Cr Amid Insolvency
Essel Group chairman Subhash Chandra defends personal insolvency, highlighting Rs 43,000 crore debt repayment out of Rs 45,000 crore owed.
FIDC Challenges RBI Revolving Credit Rules for NBFCs
India’s FIDC urges RBI to reconsider proposed revolving credit restrictions for NBFCs, highlighting their importance for small businesses and working capital.
Indian Rupee Rebounds: RBI Interventions Halt Two-Week Slide
The Indian rupee ends its two-week losing streak, gaining 0.33% to close at 95.38 against the USD, thanks to strategic RBI interventions absorbing inflows.
Vodafone Idea Secures SBI Loan Amidst RBI Liquidity Tightening
Vodafone Idea nears crucial SBI loan with promoter guarantees. Meanwhile, RBI considers tightening market liquidity, impacting India’s financial landscape.
US Sanctions Banque Misr UAE Operations to Pressure Iran
The US is cutting off Banque Misr’s UAE operations from its financial system as part of a strategy to increase economic pressure on Iran.
Indian Bank Deposits Shrink as Lenders Cut High-Cost Funds
RBI data reveals Indian bank deposits and credit contracted in mid-August as lenders reduced high-cost bulk funds amid strong FCNR inflows.
Interbank Call Rates Drop to 5.00% as Demand Eases
Interbank call rates fell to 5.00% on reporting Friday, reflecting softened demand for funds as the two-week reporting cycle concluded. Learn more about market movements.