 "The government plans to increase bank fines for regulatory noncompliance, aiming to strengthen deterrents against repeat offenders.")
The government is looking to increase fines for banks that fail to follow regulatory guidelines. Officials believe the current fines are too low to effectively discourage major organizations or those that repeatedly break the rules. To address this, the Centre is open to revising laws, such as the Banking Regulation Act of 1949 and the ...
 "HDFC Bank is negotiating to offload Rs 8,400 crore in loans to strengthen finances amid rising credit-to-deposit ratio concerns.")
HDFC Bank, India’s largest private lender, is negotiating with global banks like Barclays, Citigroup, and JPMorgan to sell around Rs 8,400 crore (about $1 billion) in loans. This move aims to improve its credit-to-deposit ratio, which has been under pressure due to rapid loan growth compared to deposits. The bank is also in talks with ...
 "In a dramatic plea, Tamil Nadu CM MK Stalin urges Ford to revive production and strengthen ties during his U.S. visit.")
Tamil Nadu Chief Minister M K Stalin is currently on a visit to the US, where he met with Ford Motor officials in Chicago. During their discussions on September 10, 2024, Stalin urged Ford to renew its ties with Tamil Nadu and consider reviving car manufacturing while expanding their global technology and business center in ...
