HDFC Bank Chairman Atanu Chakraborty Resigns Amid CEO Term, Board Appointment Disputes

• Atanu Chakraborty's sudden resignation from HDFC Bank followed heated arguments during board meetings on March 17-18.
• Disagreements stemmed from the reappointment of MD & CEO Sashidhar Jagdishan without a thorough performance review of his second term.
• Chakraborty also opposed the proposed board appointment of Jimmy Tata to replace Bhavesh Zaveri, citing concerns about automatic entitlement.
• Sources indicate a long-standing strained relationship between Chakraborty and Jagdishan, intensifying over personnel-related issues.
• New chairman Keki Mistry downplayed the exit, stating "human beings are human beings" and denying a power struggle.