HDFC Bank Limited has informed the Exchange regarding Resignation of Mr Atanu Chakraborty as Chairman of the company w.e.f. March 18, 2026.
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HDFC Bank has informed stock exchanges that Mr. Atanu Chakraborty, Part-time Chairman and Independent Director, resigned with immediate effect on March 18, 2026. In his resignation letter, Mr. Chakraborty stated that 'certain happenings and practices within the bank, observed over the last two years, are not in congruence with my personal Values and Ethics,' which formed the basis of his decision. He had been on the Board since May 2021 and oversaw the HDFC Ltd–HDFC Bank merger. The Reserve Bank of India has approved the appointment of Mr. Keki Mistry as interim Part-time Chairman for a 3-month period starting March 19, 2026, to ensure continuity of leadership. The Board has recorded its appreciation for Mr. Chakraborty's contributions.
This is a notable governance event for India's largest private-sector bank. The outgoing Chairman publicly citing ethical concerns may raise governance questions and could weigh on investor sentiment in the near term. However, the quick RBI-approved interim appointment of a respected veteran (Keki Mistry) and the 3-month transition window should limit disruption to operations.