March 19, New Delhi – The Reserve Bank has taken note of the recent developments at HDFC Bank, and a transitional arrangement is being put in place regarding the position of the bank's Part-Time Chairman.
HDFC Bank is a Domestic Systemically Important Bank (D-SIB) with sound financials, a professionally managed board, and a competent management team. Based on periodic assessments, there are no significant concerns regarding its operations or governance.
The bank remains well-capitalized, and its financial position remains satisfactory with sufficient liquidity.
The Reserve Bank will continue to engage with the board and management on the way forward.
(File Photo)