2 months ago
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Atanu Chakraborty connected Wednesday (March 18, 2026) tendered his resignation arsenic the Part-time Chairman and Independent Director of HDFC Bank with contiguous effect stating “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,” helium said successful his resignation letter.
“I corroborate that determination are nary different worldly reasons for my resignation different than those stated above,” his missive added.
The slope successful a filing with exchanges said, “We corroborate that determination are nary reasons different than those mentioned successful the said letter, for the resignation of’ Mr. Chakraborty.”
Further, based connected an exertion made by the Bank successful this regard, the Reserve Bank of India connected March 18, 2026, has granted its support for the assignment of Keki Mistry arsenic an interim Part-time Chairman of the Bank with effect from March 19, 2026, for a play of 3 months.
Mr Chakraborty had joined the Board of HDFC Bank successful May 2021 and his tenure connected the Board saw momentous events similar merger of the slope with HDFC Ltd that created a conglomerate nether the Bank.
“This strategical initiațive made HDFC Bank the 2nd largest Bank successful the country. Though, the benefits of merger are yet to afloat fructify,” helium said successful his letter.
