New Delhi, March 19 -- The Reserve Bank of India (RBI) on Thursday issued a statement on HDFC Bank, noting recent developments at the country's largest private lender following the resignation of its part-time Chairman, Atanu Chakraborty.

The central bank said it has approved a transition arrangement for the position of part-time Chairman, as requested by the bank. It emphasised that HDFC Bank, classified as a Domestic Systemically Important Bank (D-SIB), continues to have "sound financials, a professionally run board, and a competent management team."

The RBI further stated that, based on its periodic assessments, there are no material concerns regarding the bank's governance or conduct. It added that the lender remains well-capitalise...