'During the bank's board meeting, many directors asked him if there is a governance issue but he said there is none.'
Atanu Chakraborty has resigned as chairman of HDFC Bank, citing ethical concerns, marking an unusual departure and prompting the appointment of an interim chairman.
Former HDFC Bank chairman Atanu Chakraborty cites misselling of AT-1 bonds and underperformance as key reasons for his resignation, dismissing personal differences as a major factor.
'My resignation is a larger governance and governance-plus kind of an issue, which the board of directors of the bank should be introspecting.'
Four-time Olympian Deepika Kumari, along with Atanu Das and Abhishek Verma, failed to secure a spot in India's archery squad for the Asian Games in Japan after a selection trial. Teenagers Kirti Sharma and Kumkum Mohod emerged as notable gainers in the women's recurve section.
Indian archery faces poor planning and the absence of a full-time foreign coach as they prepare for the World Cup Stage 2 in Shanghai, raising concerns ahead of the Asian Games.
'Science today is very interconnected, and that helped me become part of the Muon g-2 team.'
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.
HDFC Bank reports a 12% credit growth for the March quarter, alongside the unexpected resignation of its chairman, Atanu Chakraborty, due to ethical concerns.
The Financial Times, citing multiple bankers and shareholders, reports that the real tensions ran far deeper than compliance concerns.
Simranjeet Kaur and Sahil Jadhav emerged as India's standout performers at the Archery World Cup Stage 2 in Shanghai, both advancing to the semifinals in their respective recurve and compound sections.
Indian compound men's and women's archery teams faced disappointment at Stage 2 of the Archery World Cup in Shanghai, failing to secure a podium finish. Recurve archers showed signs of recovery, but the compound teams' struggles raise concerns ahead of the Asian Games.
HDFC Bank is engaging external legal firms, both domestic and international, to investigate the circumstances surrounding former part-time chairman Atanu Chakraborty's resignation.
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.
Governance uncertainty and leadership visibility gap are likely to keep the stock under pressure in the near term, said Nomura in a report.
HDFC Bank reported an 8.04 per cent increase in its March quarter consolidated net profit to Rs 20,350.76 crore, but highlighted potential near-term risks for small-business borrowers due to the West Asia conflict. The bank's CEO also addressed the recent resignation of its non-executive chairman and hinted at a potential top-level reorganisation.
The Indian compound women's archery team won gold at the Archery World Cup Stage 1.
HDFC Bank, India's largest private-sector lender, has revised its FY27 growth trajectory, stepping back from earlier guidance to align with a more measured 12 per cent year-on-year expansion, citing geopolitical uncertainties.
The Indian women's compound team won gold at the Archery World Cup Stage 1, while the recurve archers struggled.
Finance Minister Nirmala Sitharaman stated in the Lok Sabha that the Insolvency and Bankruptcy Code (IBC) has been a crucial factor in improving the health of India's banking sector, significantly aiding in the recovery of non-performing assets (NPAs).
'The city was not only a setting but also a major character in Sankar's stories, providing the readers insight into the ever-changing and complex nature of Calcutta,' observes Atanu Biswas.
The Reserve Bank of India (RBI) is set to revise its directives for bank boards, aiming to alleviate operational burdens and enable them to concentrate on crucial policy and strategic decision-making, thereby enhancing corporate governance in the Indian banking sector.
The controversy involves mis-selling Credit Suisse AT-I bonds to NRIs as fixed-maturity instruments, later written off after collapse.
'Being an important institution in the banking system, we are subject to regulatory supervision, both offsite and onsite.' 'When you look at the intensity at which these levels of supervision come, we, on the board and in management, believe there should not be any surprises.'
Indian stock market indices Sensex and Nifty experienced a significant drop in early trade, reversing a three-day rally. The decline was triggered by a sharp increase in crude oil prices, weak global market trends, and continuous outflows of foreign funds.
'When there is such an elaborate and a strong process, one would have expected anyone to either place the issues so that they can be addressed or go to the regulator and probably tell them rather than creating a kind of uncertainty for the stakeholders.
HDFC Bank's leadership addresses the sudden resignation of its chairman, citing ethical concerns, and attempts to reassure stakeholders about the bank's governance and future stability.
The Indian men's recurve team produced its most stirring performance in recent memory to stun heavyweights South Korea in a nerve-wracking shoot-off to clinch its first Asian Archery Championships gold in 18 years, in Dhaka, on Friday.
Deepika, Dhiraj lead India's charge in Asian Archery Championship
India's archers endured a night of chaos when their return to the country from Dhaka after the Asian Championships was delayed by a day due to a cancelled flight.
Yashdeep stuns Koreans, Anshika impresses as India take second spot in recurve
Top archers to compete for six franchises; Jyoti, Deepika, Dhiraj top Indians in inaugural APL
Deepika Kumari is not contemplating retirement just yet and is instead focusing on building mental strength to handle high-pressure situations, with an eye on a final hurrah at the Los Angeles Games.
What if Sholay were produced now, in our technologically advanced era, with AI vying for our attention?, asks Atanu Biswas.
Showing superb control, Lim chose to slow the tempo in the second set but still outscored Gatha, who slipped to two 8s and a 9.
In pursuit of an elusive Olympic medal for India in archery, power couple Deepika Kumari and Atanu Das have left their 11-month-old daughter behind to find lost form and hone their skills under the legendary coach Kim Hyung-Tak, at a South Korean countryside.
The Indian archers were picked based on world rankings as well as Archery Association of India's recent selection trials.
India's recurve archers once again flattered to deceive at the World Championships as the women's team lost to South Korea in the bronze medal play-off.
International Master Atanu Lahiri, a former joint secretary, AICF, in a complaint to the Registrar of Societies, Tamil Nadu has urged the initiation of a probe on alleged mismanagement or misuse of AICF funds and even dissolve the chess body if gross violation of its objectives and obligations were found.
There will be no South Korean participation in the inaugural Archery Premier League, denying Indian archers a chance to "test" themselves against their biggest nemesis in the world's first-ever franchise competition in the sport.
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