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RBI Governor Sanjay Malhotra: Reserve Bank of India Governor Sanjay Malhotra said on Wednesday that the central bank has not found any problem to the functioning of HDFC Bank. Recently, HDFC Bank’s part-time chairman Atanu Chakraborty had resigned due to not agreeing with some incidents and practices. After the announcement of the decisions of the Monetary Policy Committee (MPC), RBI Governor Malhotra said that no problem has been found in the functioning of the bank during regulatory supervision.

Sanjay Malhotra said that the existing banking laws are clear and effective, and there is no need for any change in them at present. However, the central bank will review the situation if necessary.

‘No irregularities inside HDFC Bank’

RBI Governor It also assured that there is no broader concern in the banking sector. He clarified that the system remains secure and stable, and such individual incidents do not affect the overall health of the banks. Malhotra said that there is no systemic problem to profitability or financial strength in HDFC Bank.

His comments come after the recent developments at HDFC Bank, where the Chairman suddenly resigned citing differences on values ​​and ethics. This development had raised questions on the governance in the country’s largest private lender.

RBI working on new guidelines

The RBI Governor also said that the RBI is planning to update the guidelines for bank boards. Its purpose is to help boards focus more on major policy decisions rather than getting bogged down in daily operations. He said that the review of these rules was started after the requests of the banks.

The proposed changes are intended to make better use of board members’ time by allowing management to handle routine operational matters while boards can focus on larger strategic issues.