Board review delays HDFC CEO reappointment
HDFC Bank is awaiting the outcome of an additional review being conducted by its independent directors before it makes a recommendation to reappoint its CEO Sashidhar Jagdishan to India's central bank, three sources told Reuters. HDFC has faced investor scrutiny since mid-March when its former chairman Atanu Chakraborty resigned abruptly saying practices at the bank were not in line with his "personal ethics". An external legal review completed last month found no evidence to substantiate ...
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This article was originally published by Economictimes.indiatimes.com.
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