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Atanu Chakraborty Steps Down as HDFC Bank Chairman Over 'Ethical' Concerns
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HDFC Bank Chairman Atanu Chakraborty Resigns Citing 'Ethical' Concerns
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Moneycontrol
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19-03-2026, 00:40
HDFC Bank Chairman Atanu Chakraborty Resigns Citing 'Ethical' Concerns
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Atanu Chakraborty, HDFC Bank's part-time chairman, resigned with immediate effect on March 18.
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He cited 'ethical' concerns, stating certain bank practices were not congruent with his personal values.
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Keki Mistry has been appointed interim part-time chairman for three months, effective March 19.
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Chakraborty oversaw the merger of HDFC Bank and HDFC Ltd, making it the second-largest bank in India.
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HDFC Bank's ADRs dropped approximately 3 percent following the resignation announcement.
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