HDFC Bank Sets Up Oversight Dept for Board-Level Updates

HDFC BANK HAS formed a dedicated group oversight department to update the board on critical matters, chairman Atanu Chakraborty said at the annual general meeting on Friday.

- FE BUREAU

HDFC BANK HAS formed a dedicated group oversight department to update the board on critical matters, chairman Atanu Chakraborty said at the annual general meeting on Friday. The group reports to an executive director of the bank.

"This enables the board to maintain a sharper visibility over risk, compliance, audit and conduct across the group. However, each entity continues to remain responsible and accountable for its operations," said Chakraborty.