The Reserve Bank of India (RBI) has issued amended directions for bank boards, effective October 1, 2026, to rationalise agenda items and enable more focused engagement on strategy and risk governance, while explicitly defining matters reserved for board approval and periodically reviewing delegated powers.
Former Pakistan captain Misbah-ul-Haq has resigned from the men's national selection committee and as a batting consultant at the National Cricket Academy.
Pakistan opener Imam-ul-Haq has returned home from England amidst a PCB inquiry into his calf muscle injury, which is suspected to be faked. This follows the team's poor performance and drastic measures taken by the board, including sending players home and replacing coaches. Imam-ul-Haq has a history of similar injury allegations.
Coforge Chairman O P Bhatt has abruptly resigned from the IT firm after an internal audit raised concerns over the handling and presentation of a 'board evaluation report' to the board, with the company asserting the move will not impact its financial or operational performance.
Recognising the growing use of AI/ML models by regulated entities across business and decision-making processes, the RBI said weaknesses in governance, oversight, risk management, and controls could expose institutions to financial, operational, compliance, and reputational risks.
HDFC Bank's board is actively discussing the appointment of its new managing director and chief executive officer (MD & CEO) as incumbent Sashidhar Jagdishan's three-year term concludes in October, with the Governance, Nomination and Remuneration Committee (GNRC) expected to finalise the process soon.
The Bangladesh Cricket Board (BCB) has been dissolved and replaced with an ad-hoc committee following internal disputes and government intervention. Former captain Tamim Iqbal will lead the committee, tasked with holding elections within 90 days.
HDFC Bank's board has imposed a monetary penalty of Rs 1 lakh each on its Managing Director and CEO Sashidhar Jagdishan, CFO Srinivasan Vaidyanathan, and Group Head (Retail Assets) Arvind Vohra for divergence from RBI directions in the Maharashtra State Road Development Corporation (MSRDC) case.
Ajit Agarkar has informed the BCCI he will not continue as chief selector, prompting the board to begin searching for his successor as his contract ends October 4.
'On a plain reading of Article 121, it can be said that the chairman's casting vote can be invoked in either of these cases.'
The Pakistan Cricket Board is reportedly undertaking a major "clean-up" operation, which could see senior selector Aaqib Javed removed and a new selection committee formed. This follows the controversial return of players Mohammad Rizwan, Imam-ul-Haq, and Salman Ali Agha from England, with concerns raised over their form and behaviour. The PCB is also reviewing coaching staff and player conduct.
Potential external candidates include Anup Bagchi, Rajiv Sabharwal and CSB Bank's Pralay Mondal.
HDFC Bank has submitted two names to the Reserve Bank of India for the managing director and chief executive position, following incumbent Sashidhar Jagdishan's decision not to seek reappointment. The bank also announced board changes, increasing whole-time directors to four and appointing Jimmy Tata as an executive director. This move comes as Jagdishan's term ends in October, creating a tight timeline for succession.
The BCCI has summoned Gautam Gambhir, Ajit Agarkar and V V S Laxman to Mumbai on Thursday to review India's disappointing performances in Ireland and England.
The Tata Sons board has voted to reappoint N Chandrasekaran as chairman for a third five-year term, a decision influenced by the Reserve Bank of India's rejection of the company's application to surrender its NBFC registration, which revives the prospect of a stock market listing.
The flag-hoisting ceremony for the Asian Games, involving India and five other contingents, was significantly delayed due to "miscommunication" between the Olympic Council of Asia (OCA) and the local organising committee (ANAGOC). The disruption, which lasted over an hour, initially caused confusion and speculation about political issues, but organisers later clarified it was a communication breakdown, adding to existing organisational challenges for the event.
Former Pakistan all-rounder Rashid Khan has sarcastically suggested that senior selector Aaqib Javed be made the non-playing captain for all formats, following Javed's public criticism of the team's captain, coaches, and player selections. Khan expressed anguish over the current state of Pakistan cricket and questioned the PCB chairman's actions regarding player morale.
Former Australia batter Usman Khawaja has criticised the Pakistan Cricket Board's director of high performance, Aaqib Javed, over his comments regarding the team's major shake-up during the Test series against England.
'The sales pressure on the ground, a board and CEO not fully aligned, and a senior team that isn't pulling together -- that's when these things surface.'
Former chief selector Ajit Agarkar's departure from the BCCI was primarily driven by disagreements over Rohit Sharma's future in white-ball cricket and policy differences with Centre of Excellence head VVS Laxman, culminating in his absence from a crucial review meeting.
Congress leaders on Monday termed the reorganisation of the Madhya Pradesh Waqf Board with the inclusion of two Hindu members as "inappropriate" and said they would challenge the decision in the Supreme Court.
'There is no harm in sending young players to show the world that Pakistan cricket still has talent.'
Rohit Sharma's ODI future was a major point of discussion during the review meeting, while also considering the recent fitness woes of key players like Jasprit Bumrah and Hardik Pandya.
'whom he believes in ... or whom he has faith in. But we don't know whether that person will be competent or not. This will lead to a lot of uncertainty in the minds of investors and shareholders of the Tata group companies.'
The Shri Ram Janmbhoomi Teerth Kshetra Trust is set to appoint the first Chief Executive Officer (CEO) for the Ram temple in Ayodhya. A selection committee is expected to submit three shortlisted names on Wednesday, following an extensive search process that reviewed approximately 5,500 applications. This move comes after the Trust acknowledged that donation theft had harmed its image, aiming to ensure superior management and restore devotee faith.
The BCCI is committed to improving player preparation for major series in South Africa, England, New Zealand, and Australia (SENA countries) by ensuring adequate rest, acclimatisation, and practice matches, according to secretary Devajit Saikia.
'Ultimately, banks are a channel for people to get some long-term return, and this means banks need to adjust their asset-liability mismatch.' 'Customers also need long-term deposits, say those of three-five years. How would they get them if returns on those deposits do not climb?' 'Otherwise, on fixed deposits, a senior citizen doesn't get anything.'
Babar Azam's fever adds to Pakistan's mounting troubles before the Edgbaston Test, with the PCB overhauling the squad and coaching staff after England secured an unassailable 2-0 lead.
The Shri Ram Janmbhoomi Teerth Kshetra Trust is set to appoint its first full-time CEO from a shortlist of three candidates, chosen from over 5,500 applicants. The Trust is also discussing filling three vacant trustee posts, amending the Trust deed, and addressing administrative matters, including financial affairs and security coordination, following a recent controversy over alleged temple donation embezzlement.
The Sports Ministry has initiated a fresh application process for a national Yogasana federation, setting a September 17 deadline. This follows a Delhi High Court ruling that quashed the recognition of Yogasana Bharat and mandated a new affiliation procedure. Eligible bodies must submit detailed applications, adhering to the National Sports Governance Act, which includes specific requirements for executive committee composition.
The search for N Chandrasekaran's successor as Tata Sons Chairman has reportedly narrowed to Tata Steel CEO T V Narendran, Tata Sons Executive Director Saurabh Agrawal, and NSE MD & CEO Ashish Chauhan, with Chauhan emerging as a potential 'dark horse' candidate.
The Securities and Exchange Board of India (Sebi) is reportedly 'close' to approving the National Stock Exchange's (NSE) initial public offering (IPO) draft documents, with an expected market debut by early next month. Sebi Chairman Tuhin Kanta Pandey also emphasised the regulator's focus on enhancing market resilience against evolving risks, including technology failures and the impact of artificial intelligence.
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.
'When a glacier collapse or a major flood event does occur, the water will simply reclaim its original path, and anything built in that path will be swept away.'
A preliminary government report reveals that devastating flash floods in Nepal have affected over 32,000 people, caused 1,295 deaths, and severely damaged infrastructure including roads, bridges, schools, and healthcare facilities. Senior Nepali Congress leader Arjun Narsing KC has criticised the government's coordination of rescue and relief operations and called for international action on climate justice.
A 16-year-old girl was allegedly gang-raped by a bus driver and conductor in Greater Noida after she mistakenly boarded their vehicle, and was later abandoned over 40 km away in Kashmere Gate, Delhi. The two accused have been arrested, and the incident has drawn comparisons to the 2012 Nirbhaya case.
India's largest retirement fund manager, the Employees' Provident Fund Organisation (EPFO), is enhancing its investment governance and fund management practices, following the Reserve Bank of India's recommendations.
The BCCI is arranging short-term county cricket contracts for talented Indian pacers like Auqib Nabi to prepare them for future international tours, specifically eyeing India's Test series in New Zealand. This initiative aims to provide red-ball experience and exposure to different conditions.
While the latest trigger for him stepping down could be the uncertainty around his renewal as a director at the AGM, which is otherwise a routine matter, Chandra may have been contemplating quitting for some time now because of the overall turbulence with the principal shareholder on the leadership issue.
'Chandrasekaran wanted a five-year extension, but the Tata Group has a policy of 65 years as the retirement age for its executive chairman.'
