RBI finds no material concerns at HDFC Bank after exit

The RBI found no governance issues at HDFC Bank after its chairman resigned. The lender remains well-capitalized with satisfactory liquidity and finances.

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The central bank of India has concluded that there are no material concerns regarding the governance or conduct of HDFC Bank. This announcement follows the resignation of the bank's part-time chairman, who departed after citing differences regarding values and ethics.

A person looks out from a window beside an HDFC Bank ATM sign in New Delhi, India. REUTERS/Anushree Fadnavis
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