New Delhi, March 19 -- A day after HDFC Bank's Chairman Atanu Chakraborty resigned, the Reserve Bank of India on Thursday said it held no concerns on the "conduct or governance" at India's largest private sector lender.

A RBI statment noted that it has taken note of the recent developments at the private sector bank and the transition arrangement for the position of part-time chairman requested by the lender has been approved.

"HDFC Bank is a Domestic Systemically Important Bank (D-SIB) with sound financials, professionally run board and competent management team. Basis our periodical assessment, there are no material concerns on record as regards its conduct or governance," RBI said.

The banking regulator also said that it will contin...