Mumbai, April 2 The All India Bank Employees' Association has written to Finance Minister Nirmala Sitharaman, seeking an inquiry into the affairs at HDFC Bank following the surprise resignation of its non-executive chairman Atanu Chakraborty last month.
The AIBEA said there is a need for HDFC Bank's 120 million customers, shareholders, and the general public to feel reassured, and hence sought Sitharaman's intervention in the matter.
In a letter dated March 31 and shared with the media on Thursday, the AIBEA said the largest private sector lender, classified as a domestically systemically important bank by the RBI, faces developments that raise serious questions about governance standards, regulatory oversight, and systemic stability.
"The explicit mention of ethical incongruence by an Independent Director is highly unusual and warrants immediate investigation," the letter, a copy of which was reviewed by