File picture of Atanu Chakraborty. Photo: Special Arrangement
Atanu Chakraborty on Wednesday (March 18, 2026) tendered his resignation because the Part-time Chairman and Independent Director of HDFC Bank with fast impact stating “Certain happenings and practices within the bank, that I have observed over last two years, are not in congruence with my personal Values and Ethics.”
“This is the basis of my aforementioned decision,” he mentioned in his resignation letter.
“I confirm that there are no other material reasons for my resignation other than those stated above,” his letter added.
The financial institution in a submitting with exchanges mentioned, “We confirm that there are no reasons other than those mentioned in the said letter, for the resignation of’ Mr. Chakraborty.”
Further, based mostly on an software made by the Bank on this regard, the Reserve Bank of India on March 18, 2026, has granted its approval for the appointment of Keki Mistry as an interim Part-time Chairman of the Bank with impact from March 19, 2026, for a interval of three months.
Mr Chakraborty had joined the Board of HDFC Bank in May 2021 and his tenure on the Board noticed momentous occasions like merger of the financial institution with HDFC Ltd that created a conglomerate underneath the Bank.
“This strategic initiațive made HDFC Bank the second largest Bank in the country. Though, the benefits of merger are yet to fully fructify,” he mentioned in his letter.
Published – March 19, 2026 12:29 am IST