HDFC Bank has initiated a thorough independent review by external law firms to address the ethical concerns raised by its former Chairman, Atanu Chakraborty, whose abrupt resignation has prompted a proactive move to uphold the bank’s stringent governance standards. Photograph:
Governance uncertainty and leadership visibility gap are likely to keep the stock under pressure in the near term, said Nomura in a report. Photograph: Kind courtesy Openbook10/wikipedia.org/Creative Commons After a tumultuous day, where HDFC Bank’s management and board tried
Atanu Chakraborty’s sudden resignation as HDFC Bank chairman, citing ethical concerns, has triggered leadership changes and raised questions about governance at the country’s second-largest lender. IMAGE: A file photo of Atanu Chakraborty with Finance Minister Nirmala Sitharaman. Photograph: ANI Photo
Stock markets plummet over 3% due to soaring crude oil prices and weak global cues. Sensex and Nifty see biggest drop since June 2024. Photograph: Francis Mascarenhas/Reuters Key Points Sensex and Nifty both plummeted over 3% due to surging crude
Following the HDFC Bank chairman’s resignation, the Reserve Bank of India (RBI) has issued a statement reassuring the public about the bank’s financial stability, governance, and overall sound position in the Indian banking sector. Photograph: ANI Photo Key Points RBI
