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.
HDFC Bank is engaging external legal firms, both domestic and international, to investigate the circumstances surrounding former part-time chairman Atanu Chakraborty's resignation.
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.
Rajya Sabha MP Sukhen Shekhar Ray has resigned from the Trinamool Congress (TMC) and his parliamentary seat, adding to the party's ongoing internal crisis and political turmoil.
YR Sadashiva Reddy, Co-Chairman of the Bar Council of India (BCI), has called for the immediate resignation of BCI Chairman Manan Kumar Mishra, citing alleged irregularities in appointments, diversion of Council funds, financial dealings with law colleges, and other governance issues. Mishra has dismissed the allegations as 'baseless'.
'... that work is done. The task is to reallocate what has been built, with the courage of a founder and the discipline of an owner.'
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 Cockroach Janta Party (CJP) and its founder Abhijeet Dipke have announced their support for students protesting alleged paper leaks and irregularities in Maharashtra Public Service Commission (MPSC) online examinations. The CJP plans to join the agitation and undertake a statewide tour if demands for the MPSC chairman and secretary's resignations are not met by September 24.
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 Shri Ram Janmabhoomi Teerth Kshetra Trust held a crucial meeting in Ayodhya to deliberate on the resignations of general secretary Champat Rai and member Anil Mishra, following allegations of embezzlement of donations. The meeting also reviewed the ongoing SIT probe into the alleged theft.
Siddaramaiah is facing the Lokayukta and ED probes into alleged irregularities in the allotment of 14 sites to his wife by the MUDA.
The Reserve Bank of India has approved a three-month extension for Keki Mistry as the interim chairman of HDFC Bank, continuing his tenure until September 18, 2026, or until a regular chairman is appointed.
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.
The Congress party has demanded the resignation of Chief Election Commissioner Gyanesh Kumar, alleging "vote chori" and treason, following a media report revealing that two other Election Commissioners had formally objected to decisions regarding the Special Intensive Revision of electoral rolls. Rahul Gandhi and Mallikarjun Kharge have accused the BJP, RSS, and EC of undermining democracy, citing concerns over voter list tampering and lack of transparency.
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.
Noel Tata, a veteran of the Tata group, announced his decision to step down as the chairman of Voltas, following a similar move at Trent, citing the development of a new generation of leaders within the company.
'The issue appears to be less about Chandrasekaran personally and more about the direction Tata Sons should take.'
Trinamool Congress MP Sushmita Dev has resigned from the Rajya Sabha, becoming the second TMC MP to do so this week. Speculation suggests she may join the BJP, following a meeting with Assam Chief Minister Himanta Biswa Sarma, amidst a broader rebellion within the TMC after its recent electoral defeat.
Professor Subha Shankar Sarkar has resigned as the head of a five-member committee investigating alleged ABVP vandalism at Jadavpur University, citing his inability to conduct an effective inquiry, prompting the university to seek a new chairperson.
Sashidhar Jagdishan, the managing director and CEO of HDFC Bank, has announced his decision not to seek reappointment and will retire at the end of his current term on October 26, concluding a six-year tenure marked by significant regulatory and governance challenges, including RBI restrictions, a major merger, and scrutiny over alleged illegal payments.
Actor-turned-politician and Trinamool Congress MP Rukmini Mallick, popularly known as Koel Mallick, on Thursday resigned from the Rajya Sabha, the fourth TMC MP to do so ever since the Mamata Banerjee-led party was ousted from power in West Bengal.
The Ram temple trust on Monday accepted the resignations of Champat Rai as its general secretary and member Anil Mishra in the wake of embezzlement of donations. Trustee Krishna Mohan has been named as interim general secretary. The Shri Ram Janmabhoomi Teerth Kshetra Trust also announced the formation of a three-member committee to identify a chief executive officer (CEO) for the temple trust.
'You cannot stop these models from getting better. There is competitive and business pressure and if the US stops then maybe China will go ahead.'
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.
'Chandrasekaran wanted a five-year extension, but the Tata Group has a policy of 65 years as the retirement age for its executive chairman.'
'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.'
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.
'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 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.'
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.
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.
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.
The chairman and secretary of the Central Board of Secondary Education (CBSE) have been removed from their positions following allegations of irregularities in the digital evaluation system for the class 12 examination process.
'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.'
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.
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.
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.
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.
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.
