Market News

Stay updated with the latest market trends, earnings, and economic indicators.

Showing news for:VLEGOVFinancial Services
Clear all filters
Atanu Chakraborty's Exit Raised Governance Questions, Says HDFC Bank Chief Jagdishan
neutral
NDTV Profit 5h ago

Atanu Chakraborty's Exit Raised Governance Questions, Says HDFC Bank Chief Jagdishan

Jagdishan said HDFC Bank had continued to enhance its internal frameworks and refresh key control processes as part of its ongoing governance efforts.

BANKINDIAHDFCBANKHDFCNIFBANHDFCPSUBKHDFCPVTBANVLEGOVFinancial ServicesInformation Technology
HDFC Bank ex-chairman Atanu Chakraborty's FY26 earnings rise 3.5% despite early exit
negative
ET Markets - Industry 6h ago

HDFC Bank ex-chairman Atanu Chakraborty's FY26 earnings rise 3.5% despite early exit

Atanu Chakraborty's earnings rose to Rs 1.07 crore in FY26, as per HDFC Bank disclosures. He resigned as chairman citing ethical concerns, which raised governance questions. The bank appointed external law firms to review Chakraborty's statement. These firms found no substantiation for his claims after reviewing records. Chakraborty attended all board meetings until his resignation on March 18, 2026.

ALLETECBANKINDIAHDFCBANKHDFCNIFBANHDFCPSUBKHDFCPVTBANVLEGOVFinancial ServicesInformation Technology
HDFC Bank Ex-Chairman Exit 'Challenging Event'; Corporate Governance Strong, Says CEO Jagdishan
positive
NDTV Profit 6h ago

HDFC Bank Ex-Chairman Exit 'Challenging Event'; Corporate Governance Strong, Says CEO Jagdishan

HDFC Bank

BANKINDIAHDFCBANKHDFCNIFBANHDFCPSUBKHDFCPVTBANVLEGOVFinancial ServicesInformation Technology
HDFC Bank MD: Chakraborty's abrupt exit a 'challenging event' that raised governance questions
positive
ET Markets - Industry 9h ago

HDFC Bank MD: Chakraborty's abrupt exit a 'challenging event' that raised governance questions

HDFC Bank MD Sashidhar Jagdishan addressed chairman Atanu Chakraborty's resignation and governance questions. External law firms reviewed Chakraborty's statement, finding it unsubstantiated by records and interviews. The bank welcomed new chairman Rajiv Kumar, noting his financial sector reform experience. Jagdishan assured shareholders of the bank's commitment to strong corporate governance standards. HDFC Bank continued its upward performance with increased advances and profitability.

BANKINDIAHDFCBANKHDFCNIFBANHDFCPSUBKHDFCPVTBANJMFINANCILVLEGOVFinancial ServicesInformation Technology
HDFC Bank bets on AI, seeks ₹60,000 crore capital raise as digital push gathers pace
positive
CNBC TV18 - Markets 10h ago

HDFC Bank bets on AI, seeks ₹60,000 crore capital raise as digital push gathers pace

The lender has launched its in-house Generative AI platform Neev to embed artificial intelligence across operations, while its annual report also addressed governance concerns following former chairman Atanu Chakraborty's resignation.

AKCAPITBANKINDIACAPITALSFBCPCAPHDFCBANKHDFCNIFBANHDFCPSUBKHDFCPVTBANVLEGOVFinancial ServicesInformation Technology
HDFC Bank annual report details Atanu Chakraborty's pay, recounts events around his exit
neutral
CNBC TV18 - Markets 10h ago

HDFC Bank annual report details Atanu Chakraborty's pay, recounts events around his exit

HDFC Bank's FY26 annual report discloses former Chairman Atanu Chakraborty's remuneration, revisits the events surrounding his resignation and details the Board's response, including an independent legal review and assurances on the lender's governance standards

BANKINDIAHDFCBANKHDFCNIFBANHDFCPSUBKHDFCPVTBANSABEVENTSVLEGOVFinancial ServicesInformation Technology
HDFC Bank CEO calls Atanu Chakraborty's exit a 'challenging event'; Keki Mistry reaffirms governance
positive
CNBC TV18 - Markets 11h ago

HDFC Bank CEO calls Atanu Chakraborty's exit a 'challenging event'; Keki Mistry reaffirms governance

HDFC Bank CEO Sashidhar Jagdishan has described former Chairman Atanu Chakraborty's resignation as a "challenging event", while interim Chairman Keki Mistry sought to reassure shareholders on the bank's governance standards.

BANKINDIAHDFCBANKHDFCNIFBANHDFCPSUBKHDFCPVTBANVLEGOVFinancial ServicesInformation Technology
HDFC Bank redeploys staff to customer-facing roles as tech efficiencies take hold: CEO Jagdishan
positive
ET Markets - Industry 11h ago

HDFC Bank redeploys staff to customer-facing roles as tech efficiencies take hold: CEO Jagdishan

HDFC Bank is shifting employees to customer-facing roles, leveraging technology for efficiency gains. The bank is accelerating AI investments to improve customer communication and tackle fraud. Cybersecurity defenses have been strengthened against evolving digital threats. HDFC Bank's in-house AI model, Neev, supports these security and operational enhancements. Governance issues were addressed following a chairman's resignation and subsequent investigation.

BANKINDIAHDFCBANKHDFCNIFBANHDFCPSUBKHDFCPVTBANTAKETECHVLEGOVZTECHFinancial ServicesHealthcare
Chairman's exit a 'challenging event' that raised governance questions: HDFC Bank CEO
negative
LiveMint - Companies 16h ago

Chairman's exit a 'challenging event' that raised governance questions: HDFC Bank CEO

In his annual letter to shareholders, Sashidhar Jagdishan noted that an independent probe by Indian and US law firms found no basis for Atanu Chakraborty's allegations regarding internal bank practices.

BANKINDIAHDFCBANKHDFCNIFBANHDFCPSUBKHDFCPVTBANINDIANBIOBSOUTHBANKVLEGOVFinancial ServicesInformation Technology
Swiggy's foreign shareholding falls below 50%: What it means for investors
neutral
ET Markets - Stocks 3d ago

Swiggy's foreign shareholding falls below 50%: What it means for investors

Swiggy's foreign shareholding now stands below fifty percent, meeting a key regulatory requirement. This change allows the company to pursue Indian-Owned-and-Controlled Company status under FEMA rules. However, full qualification is not expected until March 2027, after governance changes. Reducing foreign ownership further may impact index weightage for Swiggy. JM Financial maintains a 'Reduce' rating with an unchanged target price.

JMFINANCILSABEVENTSSWIGGYVLEGOVConsumer ServicesFinancial Services
NEWS
neutral
Business Standard - Markets 5d ago

VL E-Governance & IT Solutions Ltd Slips 4.49%

VL E-Governance & IT Solutions Ltd has lost 22.46% over last one month compared to 5.64% fall in BSE Information Technology index and 4.98% rise in the SENSEX

BSEBSLSENETFGESENSEXHDFCSENSEXNEXT30ADDSENSEXADDSENSEXAXISSENSEXBETASENSEXETFSENSEXIETFSNXT30BEESSNXT50BETAVLEGOVFinancial ServicesInformation Technology
Is enforcement of banking regulations ownership neutral?
positive
ET Markets - Industry 6d ago

Is enforcement of banking regulations ownership neutral?

Bank of Baroda settled a $600 million dispute with NMC Healthcare administrators, ending a protracted legal battle. This significant payout, wiping out a quarter of its projected profit, raises serious questions about the bank's governance and disclosure practices. The settlement, reached without admitting fault, highlights a perceived leniency in regulatory oversight for state-owned banks compared to private institutions, prompting calls for more equitable enforcement.

BANKBARODABANKINDIABBNPNBETFHCGHCG-REHEALTHCARESBINVLEGOVFinancial ServicesHealthcare
Next