The Reserve Bank of India (RBI) said it has taken note of the recent developments in HDFC Bank, where its part-time chairman Atanu Chakrabort had resigned. It said a transition arrangement as requested by the Bank has been approved as regards the position of part-time chairman of the Bank. The RBI said HDFC Bank is a Domestic Systemically Important Bank (D-SIB) with sound financials, a professionally run board and competent management team. The bank remains well-capitalised and the financial position of the bank remains satisfactory with sufficient liquidity,” it said in a statement. Reserve Bank will continue to engage with the Board and management on the way forward, it said.

Source: The Hindu March 19, 2026 06:22 UTC