RBI Clears HDFC Bank of Governance Concerns After Chairman Exit

• RBI reassures markets, stating no material concerns on HDFC Bank's conduct or governance after chairman's abrupt resignation.
• Atanu Chakraborty stepped down as part-time chairman citing differences over "values and ethics," triggering an 8.7% stock sell-off.
• RBI approved Keki Mistry as interim part-time chairman for three months to ensure leadership continuity.
• The central bank confirmed HDFC Bank remains well-capitalised with satisfactory financial position and sufficient liquidity.
• Chakraborty's exit was reportedly due to internal dynamics, not compliance lapses or asset quality issues.