1 month ago
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HDFC Bank connected Tuesday (March 25, 2026) said that it has appointed instrumentality firms, Trilegal and Wadia Ghandy & Co, to analyse and taxable a study connected the reasons cited by its erstwhile part-time Chairman, Atanu Chakraborty, successful his resignation missive past week.
“Appointment of outer instrumentality firms is simply a proactive measurement taken by the Bank to independently look astatine the aspects mentioned successful the missive to guarantee an nonsubjective and fact-based assessment. This measurement is keeping successful presumption to perpetually benchmark with the highest governance standards that the Bank has practiced implicit decades,” the slope said.
This is successful furtherance of the intimation made by the Bank connected March 18, 2026, successful narration to the resignation of Mr. Chakraborty arsenic the Part-time Chairman and Independent Director of the Bank.
Mr. Chakraborty tendered his resignation arsenic the Part-time Chairman and Independent Director of HDFC Bank with contiguous effect, stating that “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.”
“We privation to pass you that, Mr. Chakraborty did not notation immoderate happenings and practices which were not successful congruence with his idiosyncratic values and ethics,” the slope added.
“To reenforce the robust governance standards of the Bank, the Board of Directors of the Bank astatine its gathering held connected March 23, 2026, took a proactive measurement and approved the assignment of outer instrumentality firms (domestic and international), to behaviour a reappraisal regarding Mr. Chakraborty’s resignation letter. The said instrumentality firms person been advised to supply their study connected the aforesaid wrong a tenable play of time,” the slope further said.
