Mumbai, June 5 -- India's largest private sector bank, a systemically critical institution trusted by crores of depositors, investors and businesses, has been subjected to a sustained drumbeat of governance allegations, selective leaks and manufactured panic.

Analysts say, the concern has grown because several separate developments have been clubbed together to create a larger perception of governance failure, despite court relief, regulatory reassurance and HDFC bank's willingness for independent reviews offering comfort to the general public.

However, key facts counter this narrative. RBI and independent legal firms appointed to review the governance concerns, have found no material adverse findings against HDFC Bank or its management...