sumitomo mitsui banking corporation

The bank’s stock has declined 9.5% since March 19, when Atanu Chakraborty unexpectedly resigned as part-time chairman, triggering fresh concerns over governance standards at the lender.

MSRDC Says They Were Not Compensated For Placing Large Deposits In HDFC Bank

India's market regulator is exploring ways to deepen the corporate bond market by potentially easing disclosure rules for debt-only firms. A pilot project on bond tokenisation will also be launched to boost settlement speed and transparency.

Mitsui OSK Lines anticipates further container rate increases due to a gap between rising bunker oil costs and freight rates, particularly in Asia. While a prolonged conflict could impact demand, the company remains bullish on India's growth, expanding its fleet for energy and vehicle transport.

India's National Payments Corporation of India (NPCI) has launched UPI Lite to streamline small transactions. This feature allows users to make instant, PIN-free payments for everyday purchases, reducing checkout time and bank statement clutter. By maintaining a small balance, users can enjoy a more convenient and efficient payment experience for micro-transactions.

Debt-laden Senegal has denied a report in the Financial Times that it covertly borrowed 650 million euros ($754 million) to avoid a default, saying it acted in line with "market transparency rules". But the Financial Times reported Monday that the new government had secretly "tapped 650 million euros from development lender Africa Finance Corporation and First Abu Dhabi Bank last year in borrowings that gave them privileges over existing bondholders".

India's top companies saw a significant market valuation surge last week, with Reliance Industries leading the gains. Despite a volatile trading period, the BSE Sensex managed a modest advance. While several giants added billions, others like Bharti Airtel and Hindustan Unilever experienced notable dips. Analysts point to global optimism and domestic buying as drivers for the market's recovery.

Bank customers across India should note extended holiday closures from May 26-28, 2026, impacting numerous states for national and religious observances like Kazi Nazrul Islam's birth anniversary and Eid-ul-Adha. Remember, second and fourth Saturdays also mean branch shutdowns. Plan ahead for essential services, as digital banking remains fully operational.

Anju Shah Named Deputy Mayor, Kamlesh Patel To Head AMC Standing Committee

Banks across numerous Indian states are closed today for Eid-ul-Adha, impacting branch services like cheque clearance and cash deposits. Customers are urged to verify local holiday schedules. While physical banking is halted, digital services including internet banking, mobile apps, and ATMs remain fully operational. Plan ahead for essential branch tasks and utilize online channels to avoid disruption.