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US Law Firms Launch Securities Investigation Into HDFC Bank Over Potential Disclosure Violations
Posted inBusiness Insights

US Law Firms Launch Securities Investigation Into HDFC Bank Over Potential Disclosure Violations

US law firms investigate HDFC Bank over potential disclosure violations and governance lapses, sparking potential class-action lawsuits for ADR investors.
Posted by Prasenjit Bhowmik July 24, 2026
Revolut Secures Australian Banking License to Challenge Traditional Lenders
Posted inBusiness Insights

Revolut Secures Australian Banking License to Challenge Traditional Lenders

London-headquartered fintech giant Revolut has officially secured a banking license in Australia, marking a pivotal expansion of its global footprint as it prepares to roll out government-guaranteed savings accounts and…
Posted by Prasenjit Bhowmik July 21, 2026
JPMorgan Engages 100 Multinationals to Expand Operations in India's GIFT City
Posted inBusiness Insights

JPMorgan Engages 100 Multinationals to Expand Operations in India’s GIFT City

JPMorgan is helping over 100 global firms set up treasury hubs in Indias GIFT City to streamline cross border payments and offshore finance.
Posted by Prasenjit Bhowmik July 17, 2026
RBI Blocks Defaulting Borrowers from Buying Back Distressed Assets in Regulatory Crackdown
Posted inEconomy

RBI Blocks Defaulting Borrowers from Buying Back Distressed Assets in Regulatory Crackdown

The Reserve Bank of India (RBI) has tightened its regulatory grip on the financial sector by barring banks and non-banking financial companies (NBFCs) from selling acquired stressed assets back to…
Posted by Prasenjit Bhowmik July 17, 2026
HDFC Bank CEO Addresses Governance Concerns Following Independent Probe Clearance
Posted inBusiness Insights

HDFC Bank CEO Addresses Governance Concerns Following Independent Probe Clearance

HDFC Bank Chief Executive Officer Sashidhar Jagdishan addressed shareholders in his annual letter released this week in Mumbai, describing the sudden exit of former Chairman Atanu Chakraborty as a "challenging…
Posted by Prasenjit Bhowmik July 11, 2026
Ashok Vaswani to Step Down as Kotak Mahindra Bank CEO
Posted inBusiness Insights

Ashok Vaswani to Step Down as Kotak Mahindra Bank CEO

Ashok Vaswani will step down as the Managing Director and Chief Executive Officer of Kotak Mahindra Bank effective December 31, 2024, the lender announced this week. The board of directors…
Posted by Prasenjit Bhowmik June 28, 2026
HDFC Bank Cleared of Governance Concerns Following Independent Legal Review
Posted inBusiness Insights

HDFC Bank Cleared of Governance Concerns Following Independent Legal Review

Independent law firms commissioned by HDFC Bank have concluded that there is no factual basis for the governance concerns raised by the bank's former chairperson, Atanu Chakraborty. The internal investigation,…
Posted by Prasenjit Bhowmik June 26, 2026

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