HDFCBANK

Updates throughout

April 2 (Reuters) - India's bank stocks dropped to their lowest levels in nearly a year on concerns over potential losses after the central bank intensified its crackdown on speculative activity in the rupee.

The Nifty Bank index .NSEBANK slid as much as 2.8% to 50,004.30 points - its lowest level since April 9, 2025 - with all constituents trading lower.

The index has fallen 4.3% this week following the Reserve Bank of India's curbs, underperforming the benchmark Nifty 50 .NSEI, which is down 2.6%.

On Wednesday, the RBI barred banks from offering rupee non-deliverable forwards to resident and non-resident clients, days after it put a limit of $100 million on banks' net open rupee positions.

Jefferies said banks were hoping to mitigate losses stemming from the initial measures by transferring or selling part of their positions to corporates, hedge funds and other clients.

The fresh curbs may bring the losses back to original estimates or a tad higher at 40 billion rupees to 50 billion rupees ($428.05 million-$535.07 million), the brokerage said.

The RBI's measures come as the rupee INR=IN has hit a string of all-time lows on worries over spillovers from the Iran war. The currency fell 4.24% in March, its worst monthly drop in six years, before the latest curbs helped it rise 1.4% to 93.53 per U.S. dollar in early trade on Thursday.

Private lenders HDFC Bank HDBK.NS and ICICI Bank ICBK.NS dropped 1.4% each on Thursday, while state-run banks logged sharper losses. State Bank of India SBI.NS was down 2.9%, while Punjab National Bank PNBK.NS, Canara Bank CNBK.NS and Union Bank of India UNBK.NS lost 3.4%, 3.6% and 3.9%, respectively.

Jefferies expects banks to book part of their losses in the January-March and April-June quarters, and said foreign lenders account for 45% of the currency derivatives market and related losses, while private banks have a 40% share.

($1 = 93.4460 Indian rupees)

(Reporting by Vivek Kumar M in Bengaluru and Ashwin Manikandan in Mumbai; Editing by Sonia Cheema)

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By Gopika Gopakumar

MUMBAI, March 30 (Reuters) - India's HDFC Bank HDBK.NS delayed taking action against officials involved in the mis-selling of additional tier 1 bonds to investors in Dubai, Atanu Chakraborty, the former chairman of the lender told CNBC-TV18 in an interview broadcast on Monday.

Chakraborty abruptly resigned from the bank's board earlier this month, citing differences over "values and ethics" and ‌triggering a stock selloff and a damage control exercise by the lender.

HDFC Bank terminated three senior executives this month, following an internal investigation into the alleged mis-selling of Credit Suisse's AT-1 bonds to non-resident Indian clients through its Dubai and Bahrain branches, according to an exchange notification dated March 23.

The move came after the Dubai Financial Services Authority imposed restrictions on the bank's branch, preventing it from adding new clients or offering new financial services from September 26, 2025.

Chakraborty told CNBC-TV18 that the mis-selling of AT-1 bonds through the Dubai branch posed significant reputational risks, although it was initially viewed as a technical lapse in documentation.

"While the issues have been addressed, there has been involuntary separation of three senior (executives) that has been reported, as well as 12 other people punished from major penalties to minor penalties," Chakraborty said.

"Something goes on for eight years, and suddenly we take an action," he said.

Chakraborty said that the re-appointment of current HDFC Bank CEO Sashidhar Jagdishan was not taken up during his tenure as chairman or as part of the nomination and remuneration committee.

The bank has not specified the reason for Chakraborty's resignation.

(Reporting by Gopika Gopakumar; Editing by Mrigank Dhaniwala)

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By Jayshree P Upadhyay

MUMBAI, March 26 (Reuters) - India's markets regulator has begun a preliminary review of the resignation letter of former HDFC Bank HDBK.NS chairman Atanu Chakraborty for possible violations of rules governing directors of listed companies, two sources familiar with the matter said.

Chakraborty told Reuters he was not aware of any examination by the regulator.

In his resignation letter, Chakraborty cited "certain happenings and practices within the bank" that he said were "not in congruence" with his personal values and ethics.

He did not elaborate. The letter triggered an 8.7% slide in the stock the following day and wiped $16.3 billion in market value over three sessions.

REGULATOR MAKING CHECKS

A department of the Securities and Exchange Board of India (SEBI) that oversees corporate disclosures and governance is examining the former chairman and other directors for alleged failures to do their fiduciary duties, the sources said.

"(The) examination is to verify claims made in the resignation letter and whether other directors were aware of any material information and did not document them," one said.

The Reserve Bank of India, the primary regulator in the case, said last week it had found "no material ​concerns on record as regards its (bank's) conduct or governance".

"We are also checking if there was any misreporting of any events which could impact minority investors," the first source said, adding that SEBI was reviewing the adequacy of disclosures by both the bank and Chakraborty.

India's rules for listed companies require independent directors to assess the quality and timeliness of information flow between management and the board.

Email queries sent to HDFC Bank and SEBI were not immediately answered.

Chakraborty told Reuters by text that he had not made any insinuations in his letter. He added that no one from the regulator had contacted him and that he was unaware of any SEBI review.

Earlier this week, SEBI Chairman Tuhin Kanta Pandey, without commenting on individual cases, said independent directors must follow the code of conduct set ​out in regulations.

"No one can make insinuations without proper evidence being recorded," Pandey said. "Any such comments do have an impact on minority shareholders .... Independent directors have to be responsible in ⁠terms of ​what they say."

HDFC Bank said on Tuesday it had appointed external law firms to independently assess the concerns raised in the resignation letter. Chakraborty told Reuters the firms had not contacted him.

(Reporting by Jayshree P Upadhyay. Editing by Mark Potter)

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** Shares of HDFC Bank HDBK.NS rise 1.5% to 755 rupees

** Set to snap three sessions of losses

** India's largest private lender appoints external law firms to review the resignation letter of former part-time chairman Atanu Chakraborty

** On Tuesday, HDBK said in an exchange filing it was hiring both domestic and international firms to examine the letter "to reinforce the robust governance standards of the bank"

** HDFC Bank shares have fallen nearly 12% since Chakraborty's resignation, which cited differences over "values and ethics"

** Stock has lost $16.27 billion in value over three sessions

** Thirty eight analysts have a "buy" rating on avg; median PT is 1,150 rupees - data compiled by LSEG

** YTD, HDBK down ~24%

(Reporting by Urvi Dugar in Bengaluru)

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Updates for markets close

By Bharath Rajeswaran

March 20 (Reuters) - Indian shares climbed on Friday, helping limit steep weekly losses, as investors sought bargains following a sharp selloff triggered by concerns over the Iran war and a decline in heavyweight HDFC Bank.

The Nifty 50 .NSEI rose 0.49% to 23,114.50 and the BSE Sensex .BSESN gained 0.44% to 74,532.96, on Friday.

The rupee breached the 93 per dollar mark for the first time to an all-time low against the U.S. dollar on Friday.

The Nifty and Sensex fell 3.3% each on Thursday, their worst session since June 4, 2024. However, they ended the week down only 0.16% and 0.04%, helped by value buying earlier and a partial rebound on Friday.

Brent crude LCOc1 traded at $111 a barrel on Friday after leading European nations and Japan offered to join efforts to secure safe passage for ships through the Strait of Hormuz.

It rose to $119.13 a barrel in the previous session. O/R

"Investors remain wary of tensions in the Middle East, as even an immediate end to the war would leave energy supplies taking months to normalise," said Vivek Shukla, regional head at Emkay Global Financial Services.

"Still, the recent correction is beginning to draw value buyers, with more attractive valuations and entry points cushioning the markets from steep losses, as seen this week," Shukla said.

Ten of the 16 major sectors posted weekly losses. Small-caps .NIFSMCP100 fell 1.1%, while mid-caps .NIFMDCP100 rose 0.2%.

HDFC Bank HDBK.NS, the benchmarks' top weight, lost 4.5% this week after the abrupt exit of its part-time chairman.

The stock pulled financials .NIFTYFIN and private banks .NIFPVTBNK down 1.4% and 1%, respectively.

The auto index .NIFTYAUTO rose 2.2% this week after its worst weekly showing in six years last week.

On the day, IT index .NIFTYIT gained 2.2% after U.S. peer Accenture ACN.N posted better-than-expected quarterly earnings.

(Reporting by Bharath Rajeswaran in Bengaluru; Editing by Sonia Cheema, Mrigank Dhaniwala, Janane Venkatraman and Nivedita Bhattacharjee)

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Updates for markets open

March 19 (Reuters) - Indian shares sank at the open on Thursday as Brent crude surged above $110 a barrel following a fresh escalation in the Iran war, while a hawkish U.S. Federal Reserve added pressure.

Top private lender and the heaviest weighted stock on the benchmark indexes, HDFC Bank HDBK.NS, slid sharply after the resignation of its part-time chairman Atanu Chakraborty, deepening market losses.

The Nifty 50 .NSEI was down 2.44% at 23,197.75, while the BSE Sensex .BSESN lost 2.55% to 74,750.92, as of 9:15 a.m. IST.

All 16 major sectors declined, with financials .NIFTYFIN dropping 3% and banks .NSEBANK sliding 3.4%, dragged by an 8.7% drop in HDFC Bank.

Iran attacked several energy facilities across the Middle East on Wednesday, following a strike on its South Pars gas field, marking a major escalation in its war with the U.S. and Israel.

The U.S. Federal Reserve struck a hawkish tone on Wednesday as it kept key rates unchanged, citing risks from the Iran war that has driven energy prices higher.

Higher U.S. rates make emerging markets such as India less attractive to foreign investors.

(Reporting by Vivek Kumar M; Editing by Sumana Nandy)

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Feb 26 (Reuters) - Apple AAPL.O is in talks with several Indian banks and global card networks as it prepares to launch its Apple Pay service in India, Bloomberg News reported on Thursday, citing people familiar with the matter.

The iPhone maker is in talks with ICICI Bank ICBK.NS, HDFC Bank HDBK.NS and Axis Bank AXBK.NS, as it aims to introduce its payment service in India around the middle of 2026, the report said.

Reuters could not immediately verify the report.

(Reporting by Mihika Sharma in Bengaluru; Editing by Rashmi Aich)

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Feb 18 (Reuters) - Elliott Investment Management L.P.:

• ELLIOTT INVESTMENT MANAGEMENT L.P. REPORTS SHARE STAKE OF 264,850 SHARES IN FS KKR CAPITAL CORP - SEC FILING

• ELLIOTT INVESTMENT MANAGEMENT L.P. REPORTS SHARE STAKE OF 216,756 SPONSORED ADS IN HDFC BANK LTD - SEC FILING

• ELLIOTT INVESTMENT MANAGEMENT L.P. DISSOLVES SHARE STAKE IN OXFORD LANE CAPITAL CORP - SEC FILING

• ELLIOTT INVESTMENT MANAGEMENT : CHANGE IN HOLDINGS ARE AS OF DEC 31, 2025 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF SEPT. 30, 2025

Source for the quarter ended December 31, 2025: https://bit.ly/3OkDOTa

Source for the quarter ended September 30, 2025: https://bit.ly/4oKd0Jk

Updates for market close

By Bharath Rajeswaran and Vivek Kumar M

Feb 16 (Reuters) - India's equity benchmarks snapped a two-session losing streak on Monday on value buying in specific stocks, including heavyweights HDFC Bank and Reliance Industries.

The Nifty 50 .NSEI rose 0.83% to 25,682.75, while the BSE Sensex .BSESN added 0.79% to 83,277.15. They had fallen about 2% in last two sessions, led by IT losses.

India's heaviest-weighted stock HDFC Bank HDBK.NS rose 2.4%, snapping seven-session losing streak, where it lost 5.1%.

Another index heavyweight Reliance Industries RELI.NS rose 1.2% after falling 3.3% in the last two sessions.

"There is some value buying as well as churn from IT towards other sectors," said Anita Gandhi, head of institutional business at Arihant Capital Markets.

"With earnings season behind and U.S. trade deal largely factored in by markets, we expect benchmarks to consolidate in the near-term with positive bias."

Fifteen of the 16 major sectors logged gains. The broader small-caps .NIFSMCP100 and mid-caps .NIFMDCP100 added 0.1% and 0.5%, respectively.

IT stocks .NIFTYIT posted marginal gains, rising 0.2% after last week's sell-off on anxiety around AI automation tools and their impact on traditional software businesses.

IT index lost 8.2% last week, its worst showing in 10 months.

The lingering concerns over tech stocks also weighed on Fractal Analytics' FRAL.NS public market debut on Monday, with shares of the country's first pure-play AI firm falling 5.9%.

The pharma index .NIPHARM rose 0.9%, led by Torrent Pharma TORP.NS which gained 4.5% on an uptick in December-quarter profit.

Among other stocks, stock exchange operator BSE BSEL.NS dropped 7.3%, while brokers such as Groww BILO.NS and Angel One ANGO.NS lost 1.7% and 4.7%, respectively, after the central bank tightened capital market lending norms.

Firstcry BRAE.NS tumbled 11.3% after its quarterly losses widened due to quick-commerce-led discounting, supply disruptions and lower margins.

Natco Pharma NATP.NS climbed 7% after it received approval to launch in India the generic version of diabetes and weight-loss drug semaglutide.

(Reporting by Vivek Kumar M and Bharath Rajeswaran in Bangalore; Editing by Sumana Nandy, Janane Venkatraman)

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Feb 11 (Reuters) - India's central bank has given approval to ICICI Prudential Asset Management Company IICL.NS and other ICICI group entities to raise their stake in HDFC Bank HDBK.NS to as much as 9.95%, HDFC said in a filing late on Wednesday.

As of February 6, ICICI group entities held a total 4.07% stake in the lender, it said. HDFC Bank, India's largest bank by market value, has a valuation of about $157 billion.

The Reserve Bank of India's approval, which followed an application by ICICI AMC, is valid for one year. ICICI and its group entities must also ensure their holding in HDFC Bank does not exceed 9.95% at all times.

If ICICI group's stake in the lender falls below 5%, it will need fresh RBI approval to raise the shareholding to 5% or more.

(Reporting by Abu Sultan in Bengaluru; Editing by Krishna Chandra Eluri)

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Jan 27 (Reuters) - Shah Alloys Ltd SHAA.NS:

• SHAH ALLOYS LTD - BOARD APPROVES ONE TIME SETTLEMENT WITH HDFC BANK

• SHAH ALLOYS LTD - APPROVED ONE TIME SETTLEMENT WITH HDFC BANK

• SHAH ALLOYS LTD - AGREED AMOUNT OF 180 MILLION RUPEES TO BE PAID

Source text: ID:nBSEbGK2pf

Further company coverage: SHAA.NS

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By Gopika Gopakumar, Vibhuti Sharma and Ashwin Manikandan

MUMBAI, Jan 23 (Reuters) - India's Axis Bank AXBK.NS has put on hold plans to sell a stake in its consumer lending arm, Axis Finance. after the central bank eased proposed restrictions on overlapping business activities between banks and their subsidiaries, three sources familiar with the matter told Reuters.

India's third-largest lender initiated the stake sale process in Axis Finance last year and appointed merchant bankers, after the Reserve Bank of India in 2024 proposed draft rules that barred banks from having overlapping businesses with subsidiaries.

Morgan Stanley had been appointed as a banker to the deal.

However, following a pushback from the industry, the RBI diluted its proposal in December 2025, permitting banks to continue with potentially overlapping non-bank businesses while ring-fencing them from banks' main operations.

The rules in their original form could have forced large banks, including HDFC Bank HDBK.NS, ICICI Bank ICBK.NS and Axis Bank AXBK.NS to either merge or divest non-bank lending businesses held as subsidiaries.

The change in rules has prompted a rethink at Axis Bank, the sources, directly familiar with the deal, said.

"Axis Finance is well-capitalised and does not need to rush into raising capital," said one of the sources, who declined to be named.

An email sent to Axis Bank and to Morgan Stanley was not answered.

Axis Finance, registered as a non-bank finance company, is set to submit a revised growth plan to the bank's board in April and will reevaluate its capital-raising needs thereafter, the person said.

A separate source, while not confirming that the deal is on hold, said the bank will approach the regulator with options for Axis Finance - including infusing fresh capital itself.

The deal to sell an initial 20% stake in the lender was estimated to be worth $350 million to $400 million, according to local media reports. Reuters could not independently confirm the value of the deal.

Homegrown private equity fund Kedaara Capital was most actively in discussions, the second of the three sources said.

A third source said the bids received were not lucrative enough, which prompted the bank to pull back on the sale after the recent change in regulations.

Axis Bank has invested 23.75 billion Indian rupees ($262.49 million) in Axis Finance over the past decade, according to the company's website. As of March 31, 2025, Axis Finance had assets under management of 415.83 billion rupees.

($1 = 90.4780 Indian rupees)

(Reporting by Gopika Gopakumar, Vibhuti Sharma and Ashwin Manikandan in Mumbai; Editing by Ros Russell)

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Jan 20 (Reuters) - HDFC Bank Ltd HDBK.NS:

• RBI APPROVES RE-APPOINTMENT OF KAIZAD BHARUCHA AS DEPUTY MANAGING DIRECTOR

Source text: ID:nNSE3f35xL

Further company coverage: HDBK.NS

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** HDFC Bank HDBK.NS reported a higher-than-expected Q3 profit on Saturday as loan growth remained strong and margins improved sequentially

** Stock down about 0.9% on the day, tracking drop in the benchmarks

HEALTHY LOAN GROWTH, STABLE ASSET QUALITY

** Jefferies ("Buy"; PT: 1,240 rupees) says bank is among its top picks on stable asset quality and management's move to shed costly deposits to lift NIM

** Says, growth expected to recover and lower the loan-deposit ratio (LDR)

** CLSA ("Outperform"; PT: 1,200 rupees) says asset quality remains "pristine" while net interest margins improve, terms it a "strong alpha idea" for India portfolio

** UBS ("Buy"; PT: 1,175 rupees) terms quarterly performance "inline" and commentary strong as management expects loan growth to accelerate and LDR to decline

** Macquarie ("Outperform"; PT: 1,200 rupees) says LDR no longer a constraint for growth; sees stable asset quality and margin tailwinds on deposit repricing as positives

** Nomura ("Buy"; PT: Cut to 1,080 rupees from 1,120 rupees) terms loan growth in the December quarter "healthy", says asset quality remains stable

(Reporting by Mridula Kumar in Bengaluru)

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MUMBAI, Jan 17 (Reuters) - Indian private lender HDFC Bank HDBK.NS reported a higher-than-expected profit for the third quarter on Saturday as loan growth remained strong and margins improved sequentially.

The country's largest private lender by market capitalisation posted a standalone net profit of 186.53 billion Indian rupees ($2.06 billion) for the three months ended December 31, an 11.5% increase from 167.35 billion rupees a year earlier. Analysts had expected a profit of 183.7 billion rupees, according to data compiled by LSEG.

The Mumbai-based lender's net interest income rose 6.4% to 326.2 billion rupees, while its net interest margin improved to 3.35% from 3.27% in the previous quarter.

The Reserve Bank of India cut its benchmark interest rate by a cumulative 125 basis points since February 2025 to spur consumption and investment. Banks are seeing a pick-up in margins, which had been squeezed earlier in the year as loans repriced faster than deposits.

HDFC Bank, which has been shoring up its deposit base after a merger with its parent HDFC two years ago, said deposits grew 11.6% in the quarter from a year earlier.

Loans grew 12%, driven by a pick-up in large corporate and small business loans.

The Mumbai-based lender's asset quality was stable with a gross non-performing asset ratio of 1.24% at the end of December, the same as three months earlier.

Funds set aside for potential bad loans and other losses fell 10% from a year earlier to 28 billion rupees.

($1 = 90.6820 Indian rupees)

(Reporting by Ashwin Manikandan and Ira Dugal in Mumbai; Editing by Ronojoy Mazumdar, Kirsten Donovan)

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Jan 15 (Reuters) - India's HDFC Life Insurance HDFL.NS reported a marginal rise in third-quarter profit on Thursday, as a higher premium collection driven by tax cuts more than made up for an increase in expenses.

The insurer's net profit rose 1.4% to 4.21 billion rupees ($46.62 million) for the three months ended December 31, up from 4.15 billion rupees a year earlier.

Demand for insurance products grew in the third quarter, supported by the government's move to slash goods and services tax (GST) on life insurance products to zero from 18%.

HDFC Life's net premium income grew 8.8% to 182.42 billion rupees. However, its management expenses rose 30% to 45.33 billion rupees driven by higher employee-related costs and operating expenses.

Annualised premium equivalent sales from individual policies, a key metric that calculates the annualised total value of single and recurring premium policies, rose nearly 13% to 35.17 billion rupees during the quarter, according to Reuters' calculation.

The number of policies sold recorded double-digit growth during the quarter, HDFC Life said.

"We expect this momentum to sustain into Q4, supporting a balanced and healthy full-year outcome," Chief Executive and Managing Director Vibha Padalkar said in a statement.

However, the government's move to do away with GST for insurance products also hurt insurers' margins as they could no longer claim the input tax credit.

HDFC Life's value of new business (VNB), or expected profit from new policies, increased 2.7% to 9.55 billion rupees for the reported quarter, per Reuters' calculation.

Without the GST cut and a regulation change regarding surrender charges, VNB growth for the quarter would have been 11%, the company said.

Its margins from new business for the nine months ended December 31 contracted to 24.4% from 25.1% a year earlier.

($1 = 90.2960 Indian rupees)

(Reporting by Hritam Mukherjee and Nishit Navin in Bengaluru)

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Jan 14 (Reuters) - India's HDB Financial Services HDBF.NS posted a near 36% rise in third-quarter profit on Wednesday, aided by improved loan growth.

Net profit rose to 6.44 billion rupees ($71.3 million) for the quarter ended December 31 from 4.72 billion rupees a year earlier.

($1 = 90.3580 Indian rupees)

(Reporting by Nishit Navin; Editing by Ronojoy Mazumdar)

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By Nishit Navin and Bharath Rajeswaran

Jan 12 (Reuters) - Indian banks are expected to post better annual and sequential earnings in the December quarter, supported by improving loan growth and stable asset quality, though pressure on deposit growth is likely to cap upside, brokerages said.

Analysts expect private sector banks to post average profit after tax growth of about 3.5%–5% year-on-year for October-December, higher than the 2% rise in the year-ago period. State-owned lenders are seen registering a more modest 2.5%–3% rise.

Credit momentum, the pace of loan growth, has strengthened in recent months on festive-season spending and Goods and Services Tax (GST) cuts, signalling a rebound in credit appetite in the world's fastest-growing major economy. Major lenders posted double-digit loan growth in the December quarter.

Net interest income (NII) is expected to improve sequentially as loan growth picks up.

"NII is likely to see a sequential uptick in the December quarter, driven by better loan growth," said Vishal Narnolia, assistant vice-president, research, at ICICI Securities.

Motilal Oswal estimates NII growth of around 6% year-on-year and 4% quarter-on-quarter in the third quarter.

Net interest margins (NIMs) are expected to remain flat, as the benefits of lower term deposit rates and recent cash reserve ratio (CRR) cuts offset the lagged impact of cumulative rate cuts.

The Reserve Bank of India has cut the repo rate by 125 basis points since February 2025. Asset quality is expected to remain stable, with easing stress in unsecured retail and microfinance portfolios, while provisions are expected to fall sequentially.

Among non-bank lenders, a recovery in demand across select segments and stable asset quality should underpin performance in the December quarter.

Gold financiers, such as Manappuram Finance MNFL.NS and Muthoot Finance MUTT.NS, are expected to post about 39% growth in assets under management on strong gold loan demand, while vehicle financiers should benefit from improved disbursement momentum amid pent-up demand, tax cuts and festive tailwinds.

By contrast, housing finance companies may report weaker disbursements due to intense competition from banks.

Outside lending, exchanges and brokers are expected to post robust revenue growth on a recovery in derivatives volumes and a rise in commodity trading activity.

Life insurers are also seen reporting strong earnings, supported by tax cuts that boost protection demand, and lower interest rates.

Looking ahead, Narnolia said the March quarter should benefit from deposit repricing and a pickup in unsecured retail segments such as microfinance and credit cards, though lending yields will remain under pressure after the RBI's latest rate cut.

(Reporting by Nishit Navin and Bharath Rajeswaran in Bengaluru; Editing by Rashmi Aich)

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** HDFC Bank HDBK.NS drops 1.4% to 933.3 rupees, shedding 6.2% so far this week; among biggest pct losers on Nifty bank .NSEBANK index

** Stock marks biggest weekly drop since mid January 2024

** Weekly drop due to concerns over slow deposit growth after co's quarterly update

** Over 31.7 mln shares traded, 1.7x the 30-day avg

** Stock rated "buy" on avg; median PT is 1,170 rupees, per data compiled by LSEG

** In 2025, HDBK gained 12% vs NSEBANK's ~17% climb

(Reporting by Aleef Jahan in Bengaluru)

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