By Siddhi Nayak and Ira Dugal MUMBAI, March 21 (Reuters) – The Reserve Bank of India has urged the CEO of IndusInd Bank and his deputy to step down after significant accounting lapses as soon as replacements are found and the central bank has approved them, according to four sources familiar with the conversations. IndusInd … Read more
NEW DELHI: Retail inflation eased to a five-month low in January as vegetable prices moderated, bringing much-needed relief to authorities battling stubborn price pressures, while industrial output growth slowed, led by a sluggish manufacturing sector. Data released by the National Statistical Office (NSO) on Wednesday showed retail inflation, as measured by the consumer price index … Read more
2025-01-23 05:25:00 : The Securities and Exchange Board of India (Sebi) found that the bank issued shares in a private placement to more than 50 employees of its parent HDFC Bank in 2008, one of three people familiar with the matter said. The regulator now plans to refer the matter to the Union Ministry of … Read more