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Mumbai, Mar 30 (PTI) Misselling of the AT-1 bonds, which led to a rap from the regulators, and under-performance of the country's largest private sector lender HDFC Bank were the reasons behind his resignation, said former chairman Atanu Chakraborty on Monday. Personal differences with the management are "overblown" and it was not the issue "by a long distance" for the resignation earlier this month, Chakraborty said, stressing that "incongruence" on values and ethics led him to quit the board. ...Read More >
MUMBAI, March 30 (Reuters) - India's HDFC Bank (HDBK.NS), opens new tab delayed taking action against officials involved in the mis-selling of additional tier 1 bonds to investors in Dubai, Atanu Chakraborty, the former chairman of the lender told CNBC-TV18 in an interview broadcast on Monday. Chakraborty abruptly resigned from the bank's board earlier this month, citing differences over "values and ethics" and triggering a stock selloff and a damage control exercise by the lender. HDFC Bank t ...Read More >
MUMBAI : Emirates NBD Bank's decision to buy a controlling stake in RBL Bank for $3 billion is likely to see more global banks looking at having an India play. With the banking regulator likely to allow such transactions going forward, a floodgate of more such transactions will open up, say bankers and industry experts. On Saturday, Emirates NBD said it has entered into an agreement to acquire a 60% stake in RBL Bank for ₹26,850 crore. The transaction, which is subject to shareholder and regula ...Read More >
Sept 16 (Reuters) - Troubled Indian budget carrier SpiceJet (SPJT.BO), opens new tab said on Tuesday it will lease eight additional Boeing (BA.N), opens new tab 737 aircraft to bolster its fleet ahead of the festive and winter season. The latest deal takes the airline's total fleet additions to 18 aircraft, including two earlier agreements to lease 10 Boeing jets scheduled for delivery starting in October. SpiceJet has signed multiple settlements in recent years to resolve disputes with lessor ...Read More >
New Delhi [India], July 9 (ANI): The Competition Commission of India (CCI) approved the acquisition of wealth and lending units of UBS AG by 360 ONE Group entities. According to the Competition Commission of India, the transaction involves the transfer of key financial services operations, including portfolio management, stock broking, distribution, and lending from UBS AG to the 360 ONE entities. The proposal approved by the Competition Commission suggests that 360 ONE Portfolio Managers Limi ...Read More >
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