Saloni Shukla

The reviews were prompted by former Chairman Atanu Chakraborty's dramatic March 18 resignation, a decision he had said in a letter to the exchanges was prompted by alleged deviations 'incongruent' with his ethics and value systems. The reference to possible ethical transgressions at the country's most-valued lender by Chakraborty, a former Secretary at the Department of Economic Affairs and a retired IAS officer, sent shockwaves through India's banking establishment and caused an immediate slide in the stock.

India's digital fraud rate in 2025 reached 7.1%, almost double the global average. This indicates growing online fraud risks as digital payments expand. Fraudsters are increasingly targeting existing accounts with compromised credentials. Sectors like logistics, telecommunications, and insurance face high fraud exposure. This trend prompts regulatory action to strengthen digital security measures.

HDFC Bank's board meets June 18 to review legal findings on Atanu Chakraborty's concerns. Preliminary reports suggest no governance issues. The board will also seek a three-month extension for interim chairman Keki Mistry, pending RBI approval. Mistry's term ends June 18. The bank awaits the central bank's response on the extension request.

Areion Group is seeking Reserve Bank of India approval for its acquisition of Aviom India Housing Finance. The deal, valued at ₹936 crore, is undergoing rigorous review. The RBI will closely examine the source of funds and Areion Group's governance. This assessment ensures the acquisition is backed by legitimate capital.

MUMBAI: Areion Group has formally sought the endorsement of the Reserve Bank of India RBI ) for its proposed ₹936-crore takeover of the fraud-hit

The Reserve Bank of India has granted a three-month extension for Keki Mistry as interim Part-time Chairman of HDFC Bank. This allows the bank more time to appoint a regular chairman. The decision follows a legal inquiry into former chairman Atanu Chakraborty's resignation. Preliminary findings suggest no governance irregularities.

Aavas Financiers is facing another leadership shake-up, with Chief Financial Officer Ghanshyam Rawat and Chief Risk Officer Ashutosh Atre resigning from their roles. Both executives will be on garden leave from June 21 and remain on the payroll until their notice periods end on September 21, 2026.

The sector regulator has recalled refinancing support worth nearly Rs 500 crore —a punitive action that has set off a sweeping leadership overhaul at the company. ET was the first to report on April 13 that managing director and CEO Sachinder Bhinder was being asked to step down, with Manu Singh — former home loans head at Kotak Mahindra Bank — set to take over. A week later, on April 20, the company confirmed Bhinder's resignation and Singh's appointment as the new CEO.

The Reserve Bank of India has enhanced credit access for MSMEs by allowing financiers on TReDS platforms to secure guarantee cover for financed receivables. This move aims to reduce credit risk, boost lender participation, and improve liquidity in the receivables financing ecosystem. The revised framework also streamlines onboarding, permits insurance cover, and strengthens the legal enforceability of TReDS transactions, fostering a more robust marketplace for working capital.

The Reserve Bank of India has mandated uniform prudential treatment for all credit facilities, including those disbursed via UPI. This move closes a regulatory loophole allowing banks to offer lighter treatment to UPI-linked credit. Now, the nature of the credit, not the technology, dictates capital adequacy and provisioning, ensuring consistent regulation across all credit products.