'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.'
'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.'
Natarajan Chandrasekaran, credited with stabilising Tata Sons after a boardroom coup and overseeing significant expansion, has announced his resignation as chairman, capping a nearly decade-long tenure marked by both successes and escalating tensions with the group's controlling charitable trusts.
The task force's move to directly solicit views from students, parents and teachers marks a parallel effort to bring education stakeholders into the reform process.
Former Rajya Sabha MP and TMC leader Santanu Sen resigned as the party's national spokesperson, citing the R G Kar rape and murder case controversy and the recent election defeat as reasons for his decision. His resignation highlights the internal dissent and organisational challenges facing the TMC.
N Chandrasekaran's decision not to seek reappointment when his term as chairman of Tata Sons ends in February 2027 signals a significant shift in leadership amidst an ongoing power struggle and governance disputes within the Tata Group.
N Chandrasekaran, chairman of Tata Sons, announced he would not seek reappointment when his term ends in February 2027, following a series of departures by senior figures closely associated with former chairman Ratan Tata, including Vijay Singh and Mehli Mistry, amid a deepening power struggle and governance dispute within the Tata Group.
Nripendra Misra, chairman of the Ram temple construction committee, has dismissed a viral unsigned letter attributed to former trust general secretary Champat Rai as "fabricated." The letter purportedly details Misra's significant role and influence in the temple's construction and management, including agency selection and committee decisions, but its authenticity remains unverified.
'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.'
Prime Minister Narendra Modi has announced the formation of a high-powered task force, led by Infosys co-founder Nandan Nilekani, to recommend reforms for examinations conducted by the National Testing Agency (NTA). The task force aims to leverage technology for a robust and transparent examination system, following recent public agitation and the resignation of the Education Minister.
The 67-year-old former Goldman Sachs banker, who has been the chairman of the UK taxpayer-funded licence fee-backed British Broadcasting Corporation (BBC), said the investigation found he had breached the governance code for public appointments.
'Once you're wrestling with making a merger of that scale value-accretive, you're also under pressure to keep growing the balance sheet and chasing liabilities, and other things start to slip as a consequence.'
The Financial Times, citing multiple bankers and shareholders, reports that the real tensions ran far deeper than compliance concerns.
HDFC Bank, India's largest private sector lender, reported a reduction of 3,343 employees in FY26, bringing its total workforce to 2,11,178, even as its balance sheet expanded by 12 per cent. The bank's MD and CEO, Sashidhar Jagdishan, attributed the headcount reduction to redeploying talent from back-end functions to customer-facing roles due to technology-led efficiencies. The annual report also addressed the challenging resignation of part-time chairman Atanu Chakraborty, which raised questions about the bank's governance standards.
The Shri Ram Janmabhoomi Teerth Kshetra Trust has appointed a new leadership team, including retired Air Marshal Jeetendra Mishra as CEO, Ayodhya lawyer Madan Mohan Pandey as trustee, Delhi businessman Mahesh Bhagchandka as treasurer, and Dr Nirmala Yadav as the first woman trustee, to address allegations of theft and improve administration and devotee facilities.
Prasar Bharati chairman Arun Bhatnagar, who has been at loggerheads with the public broadcaster's CEO B S Lalli, has resigned because he was "dissatisfied" with the functioning of the board.
The Indian education ministry has undergone a significant reshuffle of top officials, including the removal of higher education secretary Vineet Joshi, amidst widespread controversies surrounding NEET-UG paper leaks and CBSE digital evaluation glitches, with the opposition demanding the resignation of Minister Dharmendra Pradhan.
Mirza Fakhrul Islam Alamgir, secretary general of the ruling Bangladesh Nationalist Party (BNP) and a close ally of former premier Khaleda Zia, has been elected as Bangladesh's new President in the first contested poll for the post in 35 years.
Sashidhar Jagdishan, the managing director and chief executive of HDFC Bank, has opted out of being considered for reappointment after his current term ends on October 26, choosing to retire after nearly three decades with the lender.
Carlos Cordeiro, senior advisor to FIFA president Gianni Infantino, has resigned with immediate effect, protesting a proposal to sell a stake in the World Cup, which he labelled 'a bad deal for football'.
Karnataka's two-month-old government saw its first cabinet expansion with 19 MLAs sworn in as ministers, leading to immediate discontent and the resignation of one Congress legislator over his exclusion.
India's Monsoon Session of Parliament concluded with significantly low productivity, marked by frequent disruptions and protests from the Opposition, primarily the Congress, leading to minimal debate on key legislation.
Parliament proceedings were stalled for the fourth consecutive day on Thursday as loud protests by an unrelenting opposition over the NEET paper leak and demand for Education Minister Dharmendra Pradhan's resignation reverberated in both Lok Sabha and Rajya Sabha, leading to adjournment of the two Houses for the day without transacting any business.
Former Raymond Group chairman Vijaypat Singhania has died at the age of 87. He was known for his business leadership and aviation achievements.
At least four members of the Naga community were killed and one was injured when armed militants ambushed their vehicle in a forested region of Kangpokpi district of Manipur, officials said.
'The software vendor had a black mark against him and yet they went ahead with him. Why was this company shortlisted? Who is responsible for signing off this software?'
BCCI secretary Devajit Saikia is set to meet Head Of Cricket VVS Laxman to review the rehabilitation management programme at the Centre of Excellence (COE) following a spate of injuries to key Indian players. The meeting aims to address concerns regarding player fitness and the effectiveness of the COE's injury management protocols.
The Tata Institute of Social Sciences (TISS) has announced Dr C S Pramesh, director of Tata Memorial Hospital, as the new chief guest for its 86th Convocation on August 22, replacing Chief Justice of India Justice Surya Kant, who was unavailable due to a full calendar.
HDFC Bank's share in active mutual fund schemes has fallen to multi-year lows, despite overall MF ownership in the bank rising, as the stock faces weak performance, soft margins, and governance concerns.
Yorkshire County Cricket Club chairman Roger Hutton has resigned with immediate effect following the club's handling of allegations of racism by former player Azeem Rafiq, the BBC reported on Friday.
Veteran politician Mirza Fakhrul Islam Alamgir has been sworn in as Bangladesh's 23rd President, following a contested parliamentary election that saw him defeat Colonel (retd) Oli Ahmed. Alamgir, a longtime secretary general of the ruling Bangladesh Nationalist Party (BNP), will serve a five-year term.
Congress MP from Jalandhar, Charanjit Singh Channi, was conspicuous by his absence when party leader Rahul Gandhi spoke in a debate in the Lok Sabha on Wednesday, bringing to the fore the recent rift within the party's state unit.
Air India has announced the appointment of Tewolde Gebremariam, former CEO of Ethiopian Airlines Group, as its new Managing Director and Chief Executive Officer, replacing Campbell Wilson. This strategic appointment comes as the airline navigates expansion amidst significant challenges.
Following his election to the Rajya Sabha, Nitish Kumar is set to resign from the Bihar Legislative Council, adhering to constitutional requirements and prompting speculation about future political strategies in Bihar.
Opposition parties disrupted Lok Sabha proceedings on the opening day of the Monsoon Session, leading to multiple adjournments. Protests focused on the alleged NEET paper leak and Ram temple donation theft issues, with demands for Education Minister Dharmendra Pradhan's resignation. The House was eventually adjourned for the day after repeated appeals for order failed.
N Chandrasekaran not only faces muted financial performance from the group's listed companies, but also mounting losses at Tata Sons' unlisted subsidiaries, many of which have been set up by him in the last decade.
The TMC is facing a crisis following its defeat in the West Bengal assembly polls and a rebellion that has significantly weakened its organisational and legislative strength.
Ram Temple Construction Committee Chairman Nripendra Mishra stated that the alleged donation theft at the Ayodhya temple was a 'disgraceful blot' and expressed confidence that the temple management system would be improved to prevent future incidents.
The pilot-in-command of an Air India Phuket-Delhi flight that experienced a sudden 300-foot altitude drop last week has tested positive for a psychoactive substance, identified by sources as marijuana, in a confirmatory test. This development comes as Civil Aviation Minister K Rammohan Naidu met with Air India executives to discuss the serious incident, which left 24 people injured.
The Aam Aadmi Party has petitioned for the disqualification of seven Rajya Sabha MPs who defected to the BJP, citing violation of the anti-defection law and betrayal of the people's mandate.
