India’s central bank says found no material concerns at HDFC Bank after chairman exit

India’s central bank found no material concerns in HDFC Bank after chairman’s resignation over differences on values and ethics.

Source: Reuters (via feed)




India’s central bank said on Thursday it found no material concerns regarding HDFC Bank’s conduct or governance. The statement followed the resignation of the bank’s part-time chairman. He resigned citing differences with the lender over “values and ethics.”

BizTrendWire Insight:

The central bank disclosed its review found no material concerns about HDFC Bank’s governance and conduct.


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