HDFC Bank reports a 12% credit growth for the March quarter, alongside the unexpected resignation of its chairman, Atanu Chakraborty, due to ethical concerns.
HDFC Bank has launched an independent review by external law firms following the abrupt resignation of Chairman Atanu Chakraborty, who cited 'ethical concerns and practices within the bank' as the reason for his departure.
The Reserve Bank of India (RBI) has issued a statement assuring the public of HDFC Bank's stability and sound financial position following the resignation of its chairman, Atanu Chakraborty, citing ethical concerns.
Atanu Chakraborty has resigned as chairman of HDFC Bank, citing ethical concerns, marking an unusual departure and prompting the appointment of an interim chairman.
The Karnataka Assembly has passed two significant bills aimed at social reform and heritage preservation: the Karnataka Freedom of Choice in Marriage and Prevention and Prohibition of Crimes in the name of Honour and Tradition Bill, 2026, and the Karnataka Jnana Bhandar Manuscripts and Digitisation Bill, 2026.
The Karnataka Assembly has passed two significant bills aimed at social reform and heritage preservation: the Karnataka Prohibition of Crimes in the Name of Unity, Freedom, Dignity and Tradition in Marriage Bill, 2026, and the Karnataka Jnana Bhandar Manuscripts and Digitisation Act, 2026.
Gehlot had on Wednesday refused to deliver the address to the Karnataka legislature, leading to a stalemate over the fate of the customary speech that outlines the government's policies.
Karnataka Governor Thaawarchand Gehlot has refused to address the joint sitting of the state legislature, prompting government intervention. The reasons are unclear, but follow similar incidents in other states.
Karnataka Cooperation Minister K N Rajanna has been asked to resign after allegedly blaming his own Congress government for 'vote theft' in an Assembly segment. The issue sparked controversy and led to demands for clarification in the state assembly.
The suspension of 18 Bharatiya Janata Party MLAs from the Karnataka Legislative assembly for six months has been revoked, Speaker U T Khader said on Sunday.
The Karnataka government has tabled a Bill in the Legislative Assembly to introduce a 4 per cent reservation for Muslims in public contracts. The Bill aims to address unemployment among backward classes and promote their participation in government construction projects. The BJP has called the move an "unconstitutional misadventure" and vowed to oppose it.
Karnataka Chief Minister Siddaramaiah lost his temper and made a gesture by raising his hand at a police officer during a protest rally in Belagavi. The incident occurred when a group of people, allegedly BJP workers, attempted to disrupt his speech by displaying a black flag and shouting slogans. Siddaramaiah, visibly upset, summoned the police officer to the stage and instructed him to remove the disruptive individuals. The incident sparked a heated exchange between the CM and BJP leaders, with both sides accusing each other of disrupting rallies and resorting to violence.
The Karnataka Legislative Assembly passed a Bill providing 4% reservation for Muslims in public contracts, sparking protests from the opposition BJP. The Bill, which amends the Karnataka Transparency in Public Procurements (KTPP) Act, aims to increase Muslim participation in government contracts valued up to Rs 2 crore for civil works and Rs 1 crore for goods and services. The BJP criticized the move as unconstitutional and vowed to challenge it in court.
A special cabinet meeting in Karnataka convened to discuss the contentious Social and Educational Survey report, popularly known as 'caste census', ended without a decision. The cabinet will reconvene on May 2 to discuss the report further and make a final decision.
Karnataka Deputy Chief Minister D K Shivakumar denied on Monday making any comments regarding changing the Constitution to accommodate four per cent reservation for Muslims in the state. He claimed he was "misquoted" and warned of moving a breach of privilege motion. Shivakumar's remarks came after the BJP forced repeated adjournments in the Lok Sabha over his alleged comments on the matter. The BJP has accused Shivakumar of seeking to change the Constitution for political gain, highlighting the ongoing controversy surrounding reservation policies in India.
Eighteen BJP MLAs were suspended for six months from the Karnataka Legislative Assembly for disrupting the budget session and disrespecting the Speaker. The incident occurred on the last day of the budget session, when the opposition BJP MLAs staged a massive protest over the allocation of a four percent reservation to Muslims in public contracts. The MLAs climbed onto the podium where the Speaker's chair is situated and threw papers at him.
Following allegations by a section of farmers from Vijayapura district that their lands were marked as Waqf properties, Karnataka Law and Parliamentary Affairs Minister H K Patil on Monday said the notices issued to them will be withdrawn, and the Deputy Commissioner is inquiring into the 'mistake'.
Karnataka Chief Minister Siddaramaiah directed officials on Saturday to immediately retract all notices sent to farmers regarding Waqf land.
Karnataka Chief Minister Siddaramaiah on Monday said his government has decided to hand over the Hubballi student murder case to the Crime Investigation Department and that a special court will be set up for its speedy disposal.
Karnataka Chief Minister Siddaramaiah on Tuesday spoke to father of slain student Neha Hiremath over phone and said 'sorry' over his daughter's killing, and assured that 'we will be on your side'.
Dada present at event bringing La Liga to India.
Yatnal, who has launched a tirade against Yediyurappa and his family, especially after his second son BY Vijayendra was made the BJP state president, said there was large-scale corruption in coronavirus management during the BJP government.
Hundreds of mourners joined his last journey to a crematorium in the evening and paid tributes to the doctor known for performing a large number of surgeries.
The Hassan seat has become a big headache for Janata Dal-Secular, which is witnessing a rebellion within the first family of the party.
The Congress Legislature Party (CLP) meeting on Tuesday didn't discuss the issue of the Leader of Opposition in the Maharashtra Assembly and has decided to take a 'wait and watch' approach amid political developments in the state, a senior leader said.
The meetings are taking place in the wake of the Congress Legislative Party (CLP) meeting on Thursday remaining inconclusive to address the grievances of the party MLAs.
A week after assuming power in Karnataka, the Congress on Friday released the list of 24 legislators who will be sworn-in as ministers to fill up all the vacant ministerial positions.
The government will introduce a bill in this regard in the upcoming legislature session, which starts on July 3.
Karnataka Chief Minister Siddaramaiah on Monday launched payment of cash in lieu of the additional 5 kg of rice to beneficiaries under the government's 'Anna Bhagya' scheme.
The Karnataka government can have 34 ministers. Ten of them, including Chief Minister Siddaramaiah and his deputy D K Shivakumar, were sworn in on May 20.
'Most leaders, from Lalu Yadav and Mamata to M K Stalin, respect and trust Sonia. She should continue unless she expressly declines.'
The Karnataka cabinet on Thursday approved the revision of Kannada and Social Science textbooks of Classes 6 to 10 in the state for this academic year by removing the chapters on Rashtriya Swayamsevak Sangh founder K B Hedgewar and Hindutva ideologue V D Savarkar among others.
While 39 members of the all-important panel are general members, it has 32 permanent invitees, including some in-charges of state and 13 special invitees.
With this, the Cabinet will reach its full strength of 34.
The Congress seems to be heading for the Karnataka polls so far on the strength of its local leadership and focusing on issues concerning the state, making corruption a central theme of its campaigning.
Multiple challenges, particularly with regard to cabinet formation, stare at Siddaramaiah as he takes over as the new chief minister of Karnataka, nudging out party colleague and state Congress president D K Shivakumar -- who will now be his deputy.
Amid the ongoing tussle between Maharashtra Congress chief Nana Patole and party veteran Balasaheb Thorat in the wake of recent legislative council elections, both the leaders came face to face at the party's state executive committee meeting in Mumbai on Wednesday, with both of them later claiming that everything was fine between them.
The Karnataka legislative assembly on Wednesday witnessed chaotic and unruly scenes as angry Bharatiya Jansata Party legislators tore copies of bills and the agenda, and threw them at the deputy speaker, who was presiding, following which Speaker U T Khader suspended 10 of them for the remainder of the session.
Ending the suspense about the Hassan seat, the party has fielded H P Swaroop, overlooking JD-S patriarch and former PM H D Deve Gowda's daughter-in-law Bhavani Revanna, who had been firm on contesting from there.
While Shivakumar is as usual contesting from Kanakapura, Siddaramaiah is returning to his home turf of Varuna in Mysuru district, which is currently represented by his son Dr Yathindra Siddaramaiah.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances