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HDFC Bank's leadership is pushing for a swift regulatory decision to extend CEO Sashidhar Jagdishan's tenure, contrasting with the extended timeline used during his initial appointment.
HDFC Bank's board review has cleared allegations, but former chairman Atanu Chakraborty disputes the process, claiming the board ignored queries regarding the legal review after his resignation. The controversy surrounds the bank's internal governance.
HDFC Bank Chairman Rajiv Kumar has stated that the bank's board will maintain a 'zero tolerance' policy towards unethical practices. This announcement underscores the bank's commitment to integrity and corporate governance.
India Nifty’s Gains Look Fragile on Soaring Crude, HDFC Bank Board Exit Bloomberg.com
HDFC Bank's board has imposed a Rs 1 lakh penalty on its Managing Director and Chief Financial Officer for an 'extra payout' to a Maharashtra Public Sector Undertaking (PSU) in a deposit case. The disciplinary action follows an investigation into the matter concerning the Maharashtra State Road Development Corporation (MSRDC) deposit.
The abrupt resignation of Atanu Chakraborty as HDFC Bank's part-time chairman sent shockwaves through Dalal Street, prompting HDFC board members to assert the bank's corporate governance remains robust.