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MUMBAI: Former HDFC Bank chairman Atanu Chakraborty, who quit the bank’s board on March 18, citing “incongruence” between his values and certain internal practices, has disputed managing director Sashidhar Jagdishan’s claim that action against staff over the sale of high-risk bonds to Gulf customers was unrelated to the boardroom dispute.In an interview to CNBC, Chakraborty…
HDFC Bank share price today: Shares of HDFC Bank. India’s largest private sector bank, tanked by as much as 3 per cent on Monday, touching an intraday low of Rs 756.30. The stock has now extended its losing streak to four sessions, slipping around 10 per cent over this period and wiping out nearly Rs…
Nomura has a buy rating on Petronet LNG with the target price cut to Rs 340 from Rs 370. Analysts said the crisis in West Asia may hurt the company’s near-term volumes. They cut the company’s FY27 earnings before interest, taxes, depreciation and amortisation (EBITDA) by 23% as Ras Laffan may take months to come…
HDFC Bank CEO and MD Sashidhar Jagdishan said in an interview with TOI that there were matters on which he and the former chairman agreed to disagree, and these were dealt with maturity on the board, and his resignation came as a surprise. However, Chinese whispers gave these a dramatic flavour outside.When did you come…
Last week’s bloodbath at the Dalal Street erroded the market capitalisation of five of the top-10 most-valued firms by over Rs 1 lakh crore. The broader equity benchmarks also ended on a muted note. The BSE Sensex slipped by 30.96 points, or 0.04%, while the NSE Nifty declined 36.6 points, or 0.15%, reflecting a largely…
MUMBAI: HDFC Bank has terminated three employees, including senior executives, after an internal probe into the alleged mis-selling of Credit Suisse AT-1 bonds to NRI clients at its UAE operations. The action follows regulatory scrutiny and investor complaints. Shares of the bank closed down 2.4%, continuing Thursday’s decline following the sudden resignation of the bank’s…
HDFC stock price today: Shares of HDFC Bank, the country’s largest private sector lender, dropped a further 2 per cent to hit an intraday low of Rs 781 on the BSE on Friday. The drop followed a similar 2 per cent fall in its American Depositary Receipts (ADRs) listed on the New York Stock Exchange,…
MUMBAI: A day after HDFC Bank‘s non-executive chairman Atanu Chakraborty resigned citing concerns over practices inconsistent with his values and ethics, regulators, the bank’s board and management and the govt moved swiftly to contain a governance scare.Seeking to steady sentiment, newly appointed interim chairman Keki Mistry struck a firm tone while addressing analysts and reporters….
HDFC Bank share price today: HDFC Bank, the country’s largest private sector bank, saw its stock plunge in trade on Thursday after its part-time chairman Atanu Chakraborty resigned. HDFC Bank’s share opened in red and was trading at Rs 806 at around 9:19 AM, down Rs 37 or 4.39%.The stock movement is in focus after…
Morgan Stanley maintained its overweight rating on Reliance Industries with the target price at Rs 1,803. Analysts said RIL’s 15-year green ammonia deal signed with Samsung C&T is worth $3 billion that marks monetisation of new energy investments. It’s aligned with the hydrogen and decarbonisation strategy of the company. RIL’s new energy business is valued…
