HDFC Bank, India's largest private lender by assets, is set to propose the reappointment of CEO Sashidhar Jagdishan after a governance review found no major lapses following the resignation of chairman Atanu Chakraborty in March. Chakraborty stepped down citing incongruence between his personal values and the bank's practices, leading to a 13.81% drop in the bank's share price, which equates to a loss of approximately $16 billion in stock value. In response to investor concerns, the Reserve Bank of India (RBI) issued a statement affirming that there were no material governance issues on record. The law firms Trilegal and Wadia Ghandy & Co conducted a thorough review of board meeting records over the past three years to assess any governance concerns raised by Chakraborty. Their findings, expected to be submitted to the bank's board this month, will be crucial for Jagdishan's reappointment, as the RBI's approval is required for CEO appointments. The review's outcome is critical for HDFC Bank, which serves 120 million customers and holds over 10% of banking deposits in India, as stability in its operations is vital for the broader economy.