Atanu Chakraborty Steps Down as HDFC Bank Chairman Over 'Ethical' Concerns

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HDFC Bank Chairman Atanu Chakraborty Resigns Citing 'Ethical' Concerns

In his letter, Chakraborty said he did not agree with certain happenings and practices within the bank in the last two years and therefore decided to step down

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Moneycontrol•19-03-2026, 00:40

HDFC Bank Chairman Atanu Chakraborty Resigns Citing 'Ethical' Concerns

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

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