India’s HDFC Bank says chairman exit may be over rift with management; stock falls

HDFC Bank says chairman’s exit may be due to a management rift. The bank confirms no material issues involved.

Source: Reuters (via feed)




India’s largest private lender, HDFC Bank, said on Thursday that the exit of its chairman could be due to a rift between him and the management team. The bank added there were no material issues at the bank.

BizTrendWire Insight:

HDFC Bank’s statement provides factual information regarding leadership changes and internal matters.


Read full story on Reuters

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