The Delhi High Court has suspended the jail term of expelled BJP leader Kuldeep Singh Sengar, who is serving life imprisonment in the 2017 Unnao rape case, while imposing several conditions.
A bench of justices Anil Kshetarpal and Harish Vaidyanathan Shankar, while pronouncing the order in Moitra's plea, said "The order is set aside. We have requested the Lokpal to accord consideration for grant of sanction under Section 20 of the Lokpal and Lokayuktas Act in accordance with the relevant provisions within one month".
The CBI will challenge the suspension of life sentence and bail granted to former BJP MLA Kuldeep Singh Sengar in the Unnao rape case in the Supreme Court. The decision follows a Delhi High Court order suspending Sengar's sentence. Rahul Gandhi has criticized the decision and met with the survivor.
The Delhi High Court has held that profits from cricket betting would constitute "proceeds of crime" under the anti-money laundering law.
The Delhi High Court has ruled that a husband cannot claim exclusive ownership of a property jointly acquired with his wife, even if he paid the EMIs. The court emphasized that once a property is registered in both spouses' names, the husband cannot assert sole ownership based solely on financial contribution.
The pickup was driven partly by fresh corporate investment but more by higher working-capital demand.
The Reserve Bank of India (RBI) on Wednesday met the long-standing demand of banks by allowing them to finance acquisitions by Indian companies, a move that also expands banks' capital market lending in the country.
The Delhi High Court has ordered a retrial in a 1984 anti-Sikh riots case related to the killing of a man in Ghaziabad's Raj Nagar area, citing a flawed investigation and trial.
The accused challenged a trial court's order rejecting their bail plea in the December 2023 incident.
HDFC Bank on Wednesday reported a 2.3 per cent year-on-year rise in its consolidated net profit to Rs 17,657 crore for the October-December quarter, restricted by slower loan growth. On a standalone basis, the largest private sector lender's net profit came at Rs 16,735.50 crore for the period, up from Rs 16,372.54 crore in the year-ago period, but marginally down from the preceding quarter's Rs 16,820.97 crore.
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Bharatanatyam and Kuchipudi veteran Yamini Krishnamurti died at the Apollo hospital New Delhi on Saturday. She was 84.
The country's largest private sector lender HDFC Bank on Saturday said it will grow its loan book slower than the industry in the current financial year (FY25). The move comes as the lender looks to bring down its elevated credit - deposit (CD) ratio to pre-merger levels. "We will bring down the CD ratio faster than what we had anticipated.
President Droupadi Murmu on Saturday approved 139 Padma awards including seven Padma Vibhushans, 19 Padma Bhushans and 113 Padma Shris.
Vaidyanathan's compensation is 'a performance-linked booty'.
With more players, products and rising consciousness about the need for insurance, the market has to grow. As for the team, the existing management team continues (at ICICI Prudential) to be there. The team has built a solid business, an excellent brand. The systems are in place, so it is a good stepping stone, says Vaidyanathan.
HDFC Bank on Monday reported a consolidated net profit of Rs 16,811 crore for the September quarter, its maiden quarterly earnings announcement after merging parent HDFC with itself. On a standalone basis, the largest private sector lender reported a net profit of Rs 15,976 crore. In the year-ago period, the net profit of the merged entity would have been Rs 11,162 crore on a consolidated level while the same on a standalone basis would have been Rs 10,606 crore.
Anu Vaidyanathan has never passed up an experience life has to offer her.
One of the resolutions uploaded on the apex court website said a vacancy in the office of the chief justice of the Uttarakhand high court has arisen consequent upon retirement of Justice Vipin Sanghi on October 26, 2023.
V Vaidyanathan -- managing director and CEO of IDFC First Bank -- is considered one of India's most astute bankers. But who know he was such a good singer?
The Supreme Court on Friday asked what was the harm if a person provided the details of caste or sub-caste during the Bihar caste survey when an individual's data was not going to be published by the state.
The bottom lines of several private sector banks have taken a hit following the recent guidelines released by the Reserve Bank of India (RBI) on alternate investment fund (AIF) investments. Last month, the RBI announced that regulated entities, such as banks, non-bank lenders, and home financiers, cannot invest in AIFs that have directly or indirectly invested in companies that have borrowed money from the lenders. In case an entity had already made such an investment, they must liquidate the investment or make 100 per cent provision, RBI had said.
'Just the amount of work which is there just to become more and more successful in banking. For this to happen you need to have leaders who understand technology.'
Vaidyanathan apologised to the court but added that the present plea was filed as another petition challenging a high court order dated April 11, 2022 is pending before the apex court.
Mehta said but did not elaborate on the consequences the contentious exercise could possibly have.
'Our unsecured loan is not exactly unsecured. It is backed by cash flow of customers.'
After opening close to 1,500 branches in 2022-23, HDFC Bank, the country's largest private sector lender, will continue expanding its branch network at the same speed in the current financial year. The lender says branch expansion is crucial for deposit mobilisation. As of March 31, 2023, HDFC Bank had 7,821 branches, up from 6,342 a year ago.
The Lok Sabha contest in Thiruvananthapuram is shaping up to be a significant battle involving key candidates like Shashi Tharoor, Rajeev Chandrasekhar, and Panniyan Ravindran. This three-cornered fight highlights the political dynamics in Kerala's capital city, with each candidate bringing their own vision and promises for the region's development, notes Rajeev Srinivasan.
The Supreme Court on Tuesday said that it will hear on October 6 pleas challenging the Patna high court's August 1 order giving the go-ahead for a caste survey in Bihar.
HDFC Bank, the country's largest private-sector lender, lost to competition wholesale loans of around Rs 50,000 crore after it increased interest rates in May, said Chief Financial Officer Srinivasan Vaidyanathan in an analyst call. "There were some customers who were offered lower rates by other market participants. "But we decided not to cut back on our rates," he said while addressing analysts after the announcement of the bank's Q1 earnings.
The Department of Justice in the Union Law Ministry issued separate notifications announcing the appointment of acting chief justice of the Bombay high court Justice Sanjay Vijaykumar Gangapurwala as the chief justice of the Madras high court and Justice Ramesh Deokinandan Dhanuka as the chief justice of the Bombay high court.
The bench noted even the high court has said in its judgement that 80 per cent of the work related to the survey has been completed.
In a mixed bag for HDFC Bank ahead of the parent HDFC's merger with itself, the Reserve Bank of India has declined to make exceptions on certain aspects, and has offered some leeway on others. The country's largest private sector lender, which is aiming to conclude the merger with the home finance major by July, had written to the central bank seeking certain forbearances after announcing the $40-billion merger in April last year. In an exchange filing this evening, HDFC Bank said it received a response from RBI on Thursday and also said that there are a few pending issues.
Having issued over 21 lakh cards since lifting of curbs last year, the country's largest private sector lender HDFC Bank is planning to launch a slew of digital initiatives over the next few quarters, a top official said. The Reserve Bank had barred HDFC Bank from issuing new credit cards following incidents of outages in the lender's internet banking /mobile banking/ payment utilities over the previous two years. The curbs were partially lifted after eight months in August last year. Finally, in March 2022, the RBI lifted all restrictions placed on the bank, including digital launches.
In the quarter gone by (Q3 of FY22), private lender HDFC Bank issued around 950,000 credit cards, its highest ever credit card issuance in any single quarter. Since the Reserve Bank of India (RBI) revoked the embargo on it in August 2021 to issue new credit cards, the lender has issued 1.37 million credit cards. This is according to a senior bank executive, who was present in an analysts' call after the lender's Q3 earnings. In Q3, we achieved the highest ever issuance, with 950,000 card issuances.
Defying trends, the country's largest private sector lender, HDFC Bank, has shifted its asset mix significantly towards high-rated segments. As a result, its wholesale-to-retail mix has tilted heavily in favour of wholesale, even at the cost of margins. Further, it is even looking to ramp up its branch network, with an aim to service clients within a 1-2 km radius rather than the current 5-6 km radius.
'We created war rooms -- from an IT perspective and also a customer war room -- to address any challenges that come up.'
Unlike any other business, banking is a turf where the captain's role is the most critical. Often a bank is defined by the personality of the CEO who runs it. Both HDFC Bank and Kotak Mahindra Bank are the creation of their CEOs, notes Tamal Bandyopadhyay.
Telecom service operator Airtel on Thursday urged the government not to charge high fees for allotting 5G spectrum, saying a faster roll out of the next-generation telecommunication network can have more benefits than collecting revenue in upfront cost. Sunil Bharti Mittal, chairman of Bharti Enterprises which runs the country's second largest telco, said that there are a variety of applications across sectors ranging from healthcare to video interactions, which will make 5G a technology to be introduced as soon as possible. "5G is important and that's why we keep on requesting the government to make the 5G as an enabler for hundreds of things that we develop in the country, to keep the spectrum at affordable pricing, to not load the industry too much," Mittal said at the Times Network India Economic Conclave.
A bench of Chief Justice Satish Chandra Sharma and Justice Subramonium Prasad had on December 15 last year reserved its verdict on the matter.
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