HDFC Bank’s chairman resigned over “ethical” differences, sparking market turmoil. The rift reportedly stemmed from disagreements on accountability for client losses tied to Credit Suisse bonds and Dubai branch restrictions. The former chairman sought greater responsibility for senior officials, clashing with management’s approach.
Benchmark bond yield rises to 14-month high amid crude price worries
Indian benchmark bond yield rose to a 14-month high on Monday, possibly due to surge in Brent crude oil prices amid escalating conflict in the