HDFC Bank 'a strong institution with strong fundamentals': FinMin official

HDFC Bank Chairman Atanu Chakraborty has resigned due to ethical concerns. The Finance Ministry and Reserve Bank of India have stated the bank is strong with sound fundamentals. Keki Mistry has been appointed interim chairman. Chakraborty cited personal values and ethics for his decision. The bank's merger with HDFC Ltd created a large financial entity.