Law firms conducting a governance review for HDFC Bank, based in Mumbai, have reported no significant lapses, allowing for the potential reappointment of CEO Sashidhar Jagdishan. This review follows the resignation of chairman Atanu Chakraborty in March, who cited a disconnect between his personal values and the bank's practices. His departure led to a significant drop in HDFC Bank's share price, which fell by 13.81%, equating to a loss of approximately $16 billion in market value. The review included an examination of board meeting records over the past three years to assess any governance issues raised by Chakraborty. The Reserve Bank of India (RBI) has indicated that it sees no obstacles to Jagdishan's reappointment, which is crucial given HDFC Bank's role in the Indian economy, serving 120 million customers and holding over 10% of the country's banking deposits. The law firms are expected to submit their findings to the bank's board this month, which will then forward them to the RBI for final approval.