Mumbai, May 27 (IANS) HDFC Bank on Wednesday dismissed allegations linked to alleged payment irregularities involving Rs 45 crore, saying assumptions of wrongdoing based on selective material were misplaced and that all matters are handled in accordance with established internal processes.The private lender asserted that the bank follows robust internal oversight, audit and control processes.“We strongly reject any assumptions of wrongdoing or culpability based on selective material. All issue…
Latest Sashidhar Jagdishan News & Updates
New Delhi, April 18 (IANS) HDFC Bank on Saturday said the process for re-appointing its Managing Director and CEO Sashidhar Jagdishan will be taken up ‘in due course’, with the bank’s nomination and remuneration committee (NRC) currently seized of the matter.Responding to a query by NDTV Profit, Deputy Managing Director Kaizad Bharucha said the committee will take a final call on Jagdishan’s reappointment at an appropriate time.Jagdishan’s current tenure is set to end in October 2026.M…
Mumbai, March 19 (IANS) HDFC Bank CEO Sashidhar Jagdishan on Thursday said former Chairman Atanu Chakraborty was asked by the board to reconsider his resignation and explain the ethics-related concerns he raised, but he chose not to do so.Speaking to reporters after the development, Jagdishan said that every board member had tried to persuade Chakraborty to either withdraw his resignation or provide more details about the issues mentioned in his letter.”The board also requested him to reconsider…