MUMBAI, April 8 -- The Reserve Bank of India (RBI) on Wednesday sought to allay governance concerns after the sudden exit of former HDFC Bank chairman Atanu Chakraborty, saying the development does not pose a systemic risk to the banking sector.

Addressing the issue at the post-policy conference, RBI deputy governor Swaminathan J. said the developments are idiosyncratic and confined to the institution.

"These are entity-specific developments and do not pose any systemic risk at this point in time. the banking system is old and very resilient, and we continue to focus on improving the conduct of related matters and governance related matters," Swaminathan said.

Any individual supervisory concerns, as and when it arises, are dealt with o...