2 months ago
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Following the resignation of HDFC Bank president Atanu Chakraborty, the bank’s committee members, connected a league telephone with journalists connected Thursday (March 19, 2026), said that they were “baffled” by the resignation.
“We are not definite what triggered the resignation,” said Sashidhar Jagdishan, MD and CEO of HDFC Bank.
Meanwhile interim president Keki Mistry said that erstwhile the committee asked Mr. Chakraborty astir the crushed for his resignation, helium said “no idiosyncratic reason”. The resignation was a “personal narration issue”, Mr. Mistry said without further elaborating.
He asserted that the firm governance astatine the slope is robust and the RBI has ratified it. “I americium 71 years old. Had the governance astatine the slope been not precise strong, I would not person taken up this responsibility” said Mr. Mistry.
The afloat committee has reposed its religion successful the slope and it’s governance standards arsenic good arsenic superior adequacy, Mr. Mistry said.
On Wednesday (March 18, 2026), Mr. Chakraborty resigned arsenic the part-time president and autarkic manager of HDFC Bank saying, “Certain happenings and practices wrong the bank, that I person observed implicit past 2 years, are not successful congruence with my idiosyncratic Values and Ethics. This is the ground of my aforementioned decision.”
“I corroborate that determination are nary different worldly reasons for my resignation different than those stated above,” helium said successful his resignation letter.
The sudden resignation sent the bank’s stock prices crashing 4.45% connected Thursday (March 19, 2026), arsenic the markets opened.
