InGovern Research has affirmed that HDFC Bank's governance and financial metrics remain strong following the resignation of Atanu Chakraborty, the former part-time chairman. The Reserve Bank of India (RBI) has also stated there are no material concerns regarding the bank's governance. InGovern characterized Chakraborty's exit as a governance stress-test rather than a breakdown, noting the bank's effective response, which included appointing external law firms to review his resignation letter. Chakraborty cited a growing incongruence between the bank's practices and his values, mentioning issues such as the misselling of Additional Tier-I (AT1) bonds and underperformance in share price as contributing factors. Following his departure, three senior executives were let go due to related concerns. HDFC Bank's board structure and senior management were described as stable and consistent with global practices, further reassuring investors. The bank's recent pre-quarter update showed a strong deposit growth of 14.4% year-on-year, with advances growing 12% year-on-year. Despite the challenges, analysts believe HDFC Bank's fundamentals remain strong, with a sustainable return on assets (ROA) of around 1.9–2.0%.