No material concerns as regards conduct or governance: RBI on HDFC Bank Chairman's exit

MUMBAI: (Mar 19) Hours after resignation of HDFC Bank Chairman Atanu Chakraborty citing ethical concerns, Reserve Bank on Thursday said there were no material concerns on record as regards the bank's conduct or governance.

"HDFC Bank is a Domestic Systemically Important Bank (D-SIB) with sound financials, professionally run board and competent management team. Basis our periodical assessment, there are no material concerns on record as regards its conduct or governance," the Reserve Bank of India (RBI) said in a statement.

The statement emphasised that the bank remains well-capitalised and its financial position remains satisfactory with sufficient liquidity.