RBI Assures on HDFC Bank After Share Drop and Chairman's Exit

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RBI Calms Nerves After HDFC Bank Shares Plunge on Chairman's Resignation

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CNBC Awaaz•19-03-2026, 13:44

RBI Calms Nerves After HDFC Bank Shares Plunge on Chairman's Resignation

•HDFC Bank's part-time chairman, Atanu Chakraborty, resigned citing a mismatch with his personal values and ethics regarding certain bank practices.
•His resignation triggered a sharp 5% fall in HDFC Bank shares on Thursday, with US-listed shares dropping up to 7%.
•The RBI swiftly intervened, stating "no cause for concern" regarding HDFC Bank's operations or governance.
•RBI affirmed HDFC Bank as a D-SIB with a strong financial position, professional board, and competent management.
•Interim chairman Keki Mistry dismissed power struggle rumors, assuring focus on investor confidence.

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