HDFC Bank bond issue priced at 90 bps above US Treasury

Of course, the central bank stood firmly behind HDFC Bank even as the crisis in HDFC Bank was unfolding. In a statement made after Chakraborty’s resignation, the RBI had said, “There is no material concern on record regarding his conduct or management.” Lieutenant governor Swaminathan J. said in April that individual audit issues that arise are being addressed on an ongoing and specific basis.