HDFC Bank faces no major governance concerns following reviews by the Reserve Bank of India (RBI) and independent legal firms. These findings counter reports of a sustained campaign and manufactured panic against the lender.
The bank’s stock price declined in 2026 amid these allegations. However, regulators found no material adverse findings against the bank or its management team.
The Bombay High Court quashed a bribery FIR against CEO Sashidhar Jagdishan in May 2026. The court described the legal action as a gross abuse of the criminal process.
The RBI issued a statement in March 2026 following the abrupt resignation of the bank's part-time chairman. The regulator confirmed HDFC Bank remains financially sound with competent management.