HDFC Bank CEO denies rift, says chairman's exit was a surprise

• HDFC Bank CEO Sashidhar Jagdishan stated chairman Atanu Chakraborty's resignation was unexpected by management and the board.
• Jagdishan denied any internal friction, describing his relationship with Chakraborty as cordial despite differing views.
• He dismissed linking the HDB Financial Services divestment and IPO to the resignation, calling the process professional.
• The CEO affirmed the bank's strong foundation and regulatory backing, despite the lack of a clear reason for the exit.
• HDFC Bank plans increased investor engagement, review of past decisions, and internal restructuring for leadership.