HDFC Bank governance concerns escalate as AIBEA demands inquiry. The All India Bank Employees' Association has formally requested Finance Minister Nirmala Sitharaman to launch a comprehensive investigation into issues raised by former Part-Time Chairman Atanu Chakraborty's resignation letter. Chakraborty cited ethical incongruence with certain bank practices, prompting AIBEA to seek government intervention into governance, compliance, and risk management at India's second-largest private sector bank. The association emphasizes that banking systems operate on public trust and calls for independent probe, parliamentary committee examination, and transparent disclosure of findings to maintain depositor confidence. With 12 crore customers at stake, AIBEA stresses the need for accountability and transparency standards across all banking institutions regardless of ownership structure.
