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Sebi to focus on capacity building for independent directors: Pandey
Sebi chief flags gaps in governance effectiveness, urges independent directors to move beyond compliance and focus on accountability, insight, and long-term value creation
SEBI chairman flags governance, AI and oil supply challenges at CII Summit
SEBI chief Tuhin Kanta Pandey flags West Asia risks and AI challenges, stresses stronger corporate governance.
FIIs dump 48 crore HDFC Bank shares as stock crashes 26% in March quarter
FIIs offloaded nearly 50 crore shares of HDFC Bank in Q4 as the stock slumped 26% amid a governance crisis triggered by the exit of former chairman Atanu Chakraborty. While Sebi and the Reserve Bank of India reviewed the issue, Jefferies argued valuations now look compelling.
HDFC Bank may not take legal action on Atanu Chakraborty, to focus on issues raised in resignation letter — Report
While the chances to seek damages from Chakraborty is unlikely at the moment as per the report, HDFC Bank's Board of Directors has mandated external law firms to independently examine governance processes.
HDFC Bank falls 7% in 2 days; analysts flag pressure after chairman exit
Analysts believe HDFC Bank stock may be under pressure in the near term due to governance uncertainty and a leadership visibility gap.
RBI soothes worries over governance at HDFC Bank
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.
No clarity on HDFC Bank chairman’s exit; bank ‘baffled’, RBI backs governance
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.
HDFC Bank's Covid plunge to earnings disappointment: 5 biggest single-day stock crashes since 2020
Shares of HDFC Bank slumped nearly 9% after part-time Chairman Atanu Chakraborty resigned, citing value misalignment, prompting interim replacement Keki Mistry. The selloff marks the fifth 8%-plus single-day crash since 2020, even as the RBI flagged no governance concerns.
Who is Atanu Chakraborty and why did HDFC Bank lose Rs 1 lakh crore?
HDFC Bank's share price plummeted by up to 9%, wiping out over Rs 1 lakh crore in market value following the resignation of its part-time Chairman, Atanu Chakraborty. Chakraborty cited ethical concerns over the bank's practices in recent years. Interim Chairman Keki Mistry assured investors there was no power struggle and no governance issues were discussed by the board.
HDFC Bank dropped from Macquarie 'marquee list' on governance overhang, near-term weakness
Macquarie said that while HDFC Bank's fundamentals remain strong, with healthy return on assets (ROA), near-term underperformance may persist as governance concerns weigh on sentiment.
HDFC Bank seeks to steady nerves after Chakraborty exit; Mistry says ethics charge “defies logic”
After Atanu Chakraborty’s sudden exit, interim chairman Keki Mistry told analysts no governance or operational lapses have been flagged; the stock fell due to near-term uncertainty.
Bosch approves 50:50 JV with Tata Autocomp to manufacture EV parts
Bosch and Tata Autocomp Systems are joining forces. They will create a new company to build electric vehicle parts. This partnership focuses on e-axles and electric traction motors. The venture aims to strengthen India's growing electric vehicle market. Both companies will share governance and expertise. This move supports localizing EV supply chains for cost reduction and scalability.