The Reserve Bank of India has stated that there are no material concerns on record about HDFC Bank Ltd. following the sudden resignation of part-time chairman Atanu Chakraborty.
According to a press statement, HDFC Bank is a 'domestic systemically important bank with sound financials, professionally run board and competent management team.'
The banking regulator also stated that 'basis our periodical assessment, there are no material concerns on record as regards its conduct or governance.'
HDFC Bank remains 'well-capitalised and the financial position of the bank remains satisfactory with sufficient liquidity.'
The Reserve Bank of India will continue to engage with the HDFC Bank board and management on the way forward.
