Banks
NCLT five-member bench stays Subhash Chandra’s ₹6.5 crore repayment plan, says earlier order was not majority view
The special bench was constituted by NCLT president Justice Anupinder Singh Grewal on Monday evening after the tribunal’s earlier bench found that there was no majority view on how the repayment plan should operate.
3 min read11:05 AM ISTHDFC Bank CEO search faces a race against the RBI clock
RBI has taken anywhere from a little over a month to 14 months to approve the appointment of chief executives of private banks.
3 min read06:00 AM ISTNCLAT to hear creditors' plea challenging Subhash Chandra’s repayment plan
NCLAT will hear creditors’ challenge to Subhash Chandra’s ₹6.5 crore repayment plan after several lenders opposed the proposal, arguing it could undermine the intent and purpose of the insolvency law.
1 min read31 Aug 2026Subhash Chandra insolvency: NCLAT to hear creditors' appeal against NCLT approval of ₹6.5 crore payout plan
Subhash Chandra insolvency: Creditors, including the LIC Housing and several banks, approached NCLAT on Monday against the NCLT's approval of ₹6.5 crore payout plan.
3 min read31 Aug 2026Who is Kaizad Bharucha? All about HDFC's longest-serving executive board member, frontrunner for CEO post
Kaizad Bharucha, HDFC Bank's deputy managing director since 2023, is the leading candidate for the CEO position as Sashidhar Jagdishan retires on 26 October. Here's all you need to know about the lender's longest-serving executive board member.
1 min read31 Aug 2026Senior citizens can earn up to 8.5% on 5-year FDs: Check banks offering the highest rates
For those investing substantial sums, even a marginal variation in FD rates can have a significant impact on the total interest earned.
4 min read29 Aug 2026Mint Explainer | Banks recover 1% in personal guarantor cases; Subhash Chandra case said to involve associate companies
Banks seek personal guarantees from promoters as an added layer of protection when lending to companies. In the Subhash Chandra case, this got complicated with alleged associate companies among creditors. His office says these are not his any longer after a 2008-09 separation of family businesses.
1 min read28 Aug 2026Exorbitant privilege: how dollar dominance deployed for statecraft could extract a diplomatic price
Amid a geopolitical upheaval, America seems ever more keen to use its financial heft, never mind that the dollar derives its power partly from the Fed’s credibility and independence. But arbitrary decisions—on swap lines, say—show how wrong it could go.
6 min read28 Aug 2026Are banks closed today, 28 August? Check the full list of states where branch visits may be affected by Raksha Bandhan
Banks will remain closed in several states on 28 August for Raksha Bandhan. The closures are state-specific, while online banking, UPI, NEFT, RTGS, and ATM services will continue. Customers should check their local bank's holiday schedule before visiting a branch.
2 min read28 Aug 2026PM Jan Dhan Yojana turns 12 with 59 crore accounts, ₹3.17 trillion in deposits
PMJDY accounts come with no minimum balance requirement or maintenance charges. Account holders are provided a RuPay debit card carrying an accident insurance cover of ₹2 lakh and are eligible for an overdraft facility of up to ₹10,000.
2 min read27 Aug 2026Wait for it…
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