Banks (Finance)
As investigations by The Indian Express reveal, leading banks and their officials have dropped the ball, allowing cyber scamsters to pass crores of stolen money through ghost accounts opened by fictitious outfits. One such scam involved a 78-year-old retired IAF officer, Biren Yadav, who was coerced into transferring Rs 1.
Banks (Finance)
The Lilavati Kirtilal Mehta Medical Trust (LKMM Trust) has filed a defamation suit against HDFC Bank and its Managing Director and CEO Sashidhar Jagdishan, seeking Rs 1,000 crore in damages. The Trust claims that the bank was running a "deliberate and sustained smear campaign" against it. Jagdishan
HDFC Bank Ltd.
HDB Financial Services, a subsidiary of HDFC Bank, has set a price band of Rs 700-740 per share for its maiden public issue, which is valued at nearly Rs 61,400 crore at the upper end. The IPO, which is a combination of a fresh issue of equity shares worth
Banks (Finance)
Deepak Parekh, former Chairman of HDFC, has shared a previously unknown detail regarding the merger between HDFC and ICICI Bank in a conversation with Chanda Kochhar, former CEO of ICICI Bank. Parekh revealed that Chanda Kochhar had once proposed a merger between HDFC and ICICI Bank, well before the HDFC-HDFC
Banks (Finance)
The Lilavati Kirtilal Mehta Medical Trust (LKMM Trust), which runs the prominent Lilavati Hospital in Bandra West, has filed a Rs.1,000-crore defamation lawsuit against HDFC Bank CEO Sashidhar Jagdishan, escalating a legal confrontation between the two parties. This move comes just two days after Jagdishan approached the Bombay
Banks (Finance)
HDFC Bank managing director and CEO Sashidhar Jagdishan has approached the Bombay High Court seeking to quash an FIR filed by Prashant Mehta, a trustee of Lilavati Kirtilal Mehta Medical Trust, alleging that Jagdishan accepted a Rs2.05 crore bribe to help the Chetan Mehta Group retain control of the
Banks (Finance)
The Bombay High Court has been approached by HDFC Bank CEO Sashidhar Jagdishan seeking to quash the FIR filed against him by the Lilavati Kirtilal Mehta Medical Trust (LKMM Trust), which oversees the Lilavati Hospital in Bandra (West), a prominent healthcare institution in Mumbai. Jagdishan has claimed that the FIR
Banks (Finance)
HDFC Bank has announced a significant reduction in home loan interest rates, effective from the customer's next interest rate reset date. This move comes after the Reserve Bank of India (RBI) reduced the repo rate on June 6, 2025. The interest rate cut will benefit borrowers with reduced
Banks (Finance)
NTPC, India's largest power utility, has announced the signing of a foreign currency loan agreement worth $750 million with the IFSC Banking Units of Bank of Baroda and HDFC Bank in GIFT City, Gandhinagar. The loan facility, which carries a door-to-door tenor of 10 years, will be used
Banks (Finance)
Lilavati Kirtilal Mehta Medical Trust, a prominent hospital in Mumbai, has demanded answers from HDFC Bank and its CEO Sashidhar Jagdishan after flagging discrepancies in their transactions, including inconsistent loan amounts. The trust, which has repeatedly claimed it has no outstanding dues to the bank, has accused Jagdishan of involvement
Banks (Finance)
Regulatory lapses, governance failures, alleged financial frauds, loan default, and a flurry of accusations and counter-accusations have put the spotlight on India's largest private lender, HDFC Bank. An FIR has been lodged against its Managing Director and CEO Sashidhar Jagdishan over his alleged involvement in a series of
Banks (Finance)
Indian stock markets are likely to start the day on a positive note, as indicated by the GIFT Nifty. Various top stocks are expected to make headlines in Monday's trade, including updates on their performance and recent developments. The previous day's session saw the NSE Nifty
