HDFC Bank Boardroom 'Mahabharat': Atanu Chakraborty's Resignation Shakes Banking Sector

• Atanu Chakraborty, HDFC Bank Chairman, resigned on March 18 after intense boardroom debates and serious differences with management.
• The dispute primarily involved the extension of MD & CEO Sashidhar Jagdishan's tenure and the proposed appointment of Jimmy Tata to the board.
• Chakraborty sought a thorough performance review for Jagdishan's extension, citing unmaterialized merger benefits and other issues.
• He opposed Jimmy Tata's appointment, calling it 'undue entitlement,' while management emphasized Tata's long experience.
• Keki Mistry appointed interim chairman; the high-profile resignation raises concerns about HDFC Bank's reputation and investor confidence.