RBI
HDFC Bank Chairman Atanu Chakraborty Resigns Citing Values and Ethics Conflict
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HDFC Bank's part-time chairman Atanu Chakraborty has resigned, citing internal practices that conflicted with his personal values and ethics. The Reserve Bank of India has approved Keki Mistry as interim chairman for three months. The departure follows Chakraborty's oversight of the major HDFC Bank-HDFC merger.
The Reserve Bank of India has introduced stricter norms on banks' net open positions in foreign currency dealings involving the rupee. Banks must now maintain positions within $100 million each day to curb speculative trading. The measure aims to stabilize the currency amid significant depreciation pressures.
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India's 10-year benchmark bond yield rose 7 basis points to 6.94% on Friday, signaling concerns over inflation and potential monetary tightening. High Brent crude prices above $100 per barrel, driven by the West Asia conflict, have intensified fears, compounded by the rupee falling below 94 to the dollar.
Der 28. Oktober 2025 markiert den vierten und letzten Tag des Chhath Puja, bekannt als Usha Arghya. Banken in Ranchi und Patna bleiben wegen des Festivals geschlossen, während die in anderen Regionen wie gewohnt geöffnet haben. Das Ritual beendet das 36-stündige Fasten mit Opfern an die aufgehende Sonne.