Source: Reuters (via feed)
The non-executive chairman of HDFC Bank resigned abruptly. He cited differences over values and ethics as the reason for his departure. HDFC Bank is India’s largest private-sector lender.
The resignation revived governance concerns at the bank. No additional details about these concerns were provided. The bank has not released further comments regarding the resignation.
BizTrendWire Insight:
The chairman’s resignation led to renewed governance concerns at HDFC Bank.
The chairman’s resignation led to renewed governance concerns at HDFC Bank.
