# HDFC Bank chairman rejects systemic governance concerns

2026-08-06T11:40:56+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 2 independent outlets

HDFC Bank chairman Rajiv Kumar said the lender has no systemic governance or ethics concerns, while promising stronger controls and zero tolerance for unethical practices. His remarks came after former chairman Atanu Chakraborty resigned, citing values and ethics, according to The Times of India. Kumar said the bank’s internal controls and oversight remain strong. The Times of India reports that external legal counsel, supervised by independent directors, examined the allegations and that findings were disclosed to stock exchanges on June 26, 2026. Chief executive Sashidhar Jagdishan said the bank expects its low-cost deposit ratio and net interest margins to improve from mid-2027 after adjustments linked to the HDFC merger.

## Coverage

- ndtvprofit.com <https://www.ndtvprofit.com/business/no-governance-related-concerns-at-systemic-level-new-hdfc-bank-chairman-says-11871607#publisher=newsstand>
- timesnownews.com <https://www.timesnownews.com/business-economy/companies/hdfc-bank-chairman-says-no-ethics-challenge-pledges-stronger-governance-to-preserve-trust-article-155317963>
- timesofindia.indiatimes.com <https://timesofindia.indiatimes.com/business/india-business/zero-tolerance-for-unethical-practices-at-hdfc/articleshow/132979105.cms>

Tags: banking, corporate governance, HDFC Bank, Rajiv Kumar
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