Overview
- RBI Governor Sanjay Malhotra said Wednesday that a supervisory inspection found no governance or conduct issues at HDFC Bank.
- The review followed the March 18 resignation of part-time chairman Atanu Chakraborty, who cited differences over “values and ethics”.
- Supervisors also examined the bank’s board meeting minutes and recorded no material concerns.
- The RBI will issue draft directions to shift bank boards toward strategy and policy work rather than daily operations.
- The central bank described the banking system as safe and resilient and said recent foreign-exchange curbs were temporary and may be rolled back when volatility eases.