Stay updated with the latest atanu-chakraborty news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on atanu-chakraborty topics.
Mumbai, Apr 8 (PTI) The Reserve Bank on Wednesday said HDFC Bank's board meeting minutes and other records are studied as part of supervision exercise, and reiterated that the largest private sector lender has not been found wanting on ethics and governance. "I would like to reiterate that at no point during our supervision or after examining their records did any governance or conduct-related material issue come to our notice. Under our regular supervision, board minutes are also reviewed. Cop ...Read More >
Mumbai: The Reserve Bank did not come across any governance or conduct-related issues during supervisory inspection of HDFC Bank, Governor Sanjay Malhotra said on Wednesday. Responding to a question at the post-monetary policy press conference on the sudden resignation of HDFC Bank Chairman Atanu Chakraborty and subsequent fall in its share price, Malhotra said RBI had also seen minutes of meetings of the lender, and the RBI did not find anything of material concern. He said the RBI in its pre ...Read More >
Mumbai, Apr 8 (PTI) The Reserve Bank did not come across any governance or conduct-related issues during supervisory inspection of HDFC Bank, Governor Sanjay Malhotra said on Wednesday. Responding to a question at the post-monetary policy press conference on sudden resignation of HDFC Bank Chairman Atanu Chakraborty and subsequent fall in its share price, Malhotra said RBI had also seen minutes of meetings of the lender, and the RBI did not find any thing of material concern. He said the RBI i ...Read More >
Mumbai: In a bid to promote ease of doing business, Reserve Bank Governor Sanjay Malhotra on Wednesday proposed to revise and rationalise guidelines to facilitate better utilisation of bank board's time and draft directions in this regard would be released shortly. The matters to be placed before the Boards of banks, along with their periodicity, are determined by the Boards themselves, guided by the seven broad themes prescribed by the Reserve Bank of India. Meanwhile, the Reserve Bank has als ...Read More >
Mumbai: The Securities and Exchange Board of India (Sebi) chairperson called for a fundamental shift in how independent directors function, saying boardroom independence in India often remains procedural and does not translate into effective oversight. Companies must move beyond compliance-driven structures towards fostering diverse perspectives and constructive dissent within boards, said Tuhin Kanta Pandey at a corporate governance event organised by CII on Monday. The next phase of governanc ...Read More >
Summary The proposed initiative, still taking shape, will bring together industry, academic institutions and professional bodies to expand both the supply and capabilities of independent directors, Sebi chairman Tuhin Kanta Pandey said on Monday. India's market regulator is working on a collaborative framework with corporates, academia and professional bodies to expand the pipeline and effectiveness of independent directors, even as recent boardroom tensions at HDFC Bank sharpen scrutiny on go ...Read More >
Atanu Chakraborty Resignation: A fresh controversy seems to be brewing around HDFC Bank after the resignation of its former part-time chairman and independent director Atanu Chakraborty. The All India Bank Employees' Association (AIBEA) has written to Finance Minister Nirmala Sitharaman, asking for intervention and greater clarity on the circumstances surrounding his exit. What stands out, according to the association, is the reason cited in the resignation letter. Chakraborty referred to cert ...Read More >
The All India Bank Employees' Association (AIBEA) has written to Finance Minister Nirmala Sitharaman seeking a comprehensive inquiry into the issues raised by Atanu Chakraborty, former Part-Time Chairman of HDFC Bank, in his resignation letter. In his resignation letter dated March 17th, Chakraborty said that certain "happenings and practices" within the bank were not in congruence with his personal values and ethics. The Association has sought the government's intervention for assessing the g ...Read More >
MUMBAI: Former HDFC Bank chairman Atanu Chakraborty, who quit the bank's board on March 18, citing "incongruence" between his values and certain internal practices, has disputed managing director Sashidhar Jagdishan's claim that action against staff over the sale of high-risk bonds to Gulf customers was unrelated to the boardroom dispute.In an interview to CNBC, Chakraborty said, "The incentive structures and the oversight of the management and the board should ensure that they are aligned with ...Read More >
MUMBAI: With the regulatory radars of the Reserve Bank of India (RBI) and the Sebi on him, Atanu Chakraborty, the past part-time chairman of HDFC Bank, on Monday denied news reports that the real reason for his exit was the power struggle he had with the CEO. He also washed his hands off the huge pounding the country's most valued bank has taken since his abrupt resignation. Chakraborty resigned on March 18 more than a year ahead of his second term citing 'incongruence' with his values and ethi ...Read More >
Stay updated with the latest None news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on None topics.