The Economic Times

RBI sees no governance concerns at HDFC Bank after Atanu Chakraborty's exit, approves interim transition

The Reserve Bank of India has approved a transition plan for HDFC Bank's part-time chairman. The central bank stated there are no major concerns regarding the bank's governance or conduct. HDFC Bank is described as a strong, well-capitalized institution with a capable board and management. The RBI will continue discussions with the bank's leadership on future steps.