Explore the latest news, in-depth reports, and executive analysis tagged with #Hdfc Bank.
The appointment follows a succession process that gained momentum after Sashidhar Jagdishan informed the board in August that he would step down at the end of his term.
![The MCC mayhem: HDFC Bank enters the scene; PayU sues banks; Razorpay prepares to contest IRF claims [Exclusive]](/upload/theheadandtale.com/2026/09/1789475840_7b2f2e1ea7_mcc_misuse_2.jpg)
What began as a one-off dispute in which ICICI Bank quietly initiated interchange reimbursement fee (IRF) claims over MCC misuse is now turning into an industry-wide contest.
Recently he had faced allegations of violating corporate governance norms, which the bank later denied.
Chakraborty cited practices within the bank that did not align with his personal values and ethics.
![The corporate credit card that wasn't really a credit card – now under the RBI lens [Exclusive]](/upload/theheadandtale.com/2026/02/1771833208_9473128f76_corporate_credit.jpg)
Two years after the RBI halted commercial card-based vendor payments, the regulator has now turned its attention to another 'corporate credit card' structure.
The Reserve Bank of India granted approved HDFC Bank's subsidiaries to acquire upto 9.5% stake in IndusInd.
This is a market-share view of UPI payment flows handled by payments aggregators through 'UPI Collect' method.
The funding was raised from Advenza Global Ltd, Atharva Green Ecotech LLP, HDFC Bank and Artha Select Fund, among others.
About 27 organisations, including NPCI, Cred, Axis Bank, HDFC Bank, SBI Cards, Google, and Zeta have joined as members of the 2025-26 board.
Ankush Sabharwal, founder & CEO of CoRover, said that the partnership with HDFC Bank signals a shared commitment to building AI that is sovereign.
