• Governance and integrity: Management emphasized that the bank's core values remain anchored in trust and high integrity, stating that the tone at the top will not cause any embarrassment and any organizational errors will be addressed.
• Former chairman's resignation: Board members stated they are not aware of any specific issues or operational triggers behind Mr. Chakravarty's resignation letter, as he did not provide specific explanations when asked.
• CEO reappointment process: The Nomination and Remuneration Committee will meet in the near future to address the reappointment of MD and CEO Sashidhar Jagdishan ahead of his term ending in seven months, with no changes to the standard process.
• Interim leadership timeline: The board confirmed that Mr. Chakravarty submitted his resignation following an evening board meeting the prior day, leading to the rapid process of naming Keki Mistry as interim chairman.