HDFC Bank Board to Review Legal Findings on Former Chairman's Resignation Concerns
HDFC Bank's board is scheduled to review reports from law firms investigating concerns raised by former chairman Atanu Chakraborty in his March resignation letter. Preliminary findings indicate no evidence of governance irregularities or ethical breaches as alleged by Chakraborty. The audit committee has reviewed these findings, which will be presented to the full board on June 18. The board will also consider a three-month extension for interim chairman Keki Mistry, pending Reserve Bank of India approval.
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