HighNegative
Announced Sun, 28 Jun · 16:24 IST

My resignation a call of conscience, not an allegation requiring legal review: HDF​C's Atanu Chakraborty

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AI summary

Former HDFC Bank non-executive chairman Atanu Chakraborty publicly clarified that his resignation was a 'call of conscience' and not an allegation warranting an external legal review, calling the inquiry a 'roving inquiry' and an 'exercise in futility.' He alleged that the bank's external law firms refused to share terms of reference for the review and that the board proceeded with the probe without properly understanding his resignation letter. The public dispute exposes governance friction at India's largest private sector bank.