HDFC Bank's chairman Atanu Chakraborty resigns over ethical concerns; Keki Mistry appointed interim chairman for three months.

HDFC Bank's chairman Atanu Chakraborty resigns over ethical concerns; Keki Mistry appointed interim chairman for three months.

HDFC Bank shares drop over 4% following chairman’s ethical resignation, raising insider trading and management concerns.

HDFC Bank part-time chairman Atanu Chakraborty resigned citing differences over values and ethics, with the RBI approving Keki Mistry as interim part-time chairman for a three-month period.

HDFC Bank part-time chairman Atanu Chakraborty resigned citing differences over values and ethics, with the RBI approving Keki Mistry as interim part-time chairman for a three-month period.

The HDFC Bank stock emerged among the top losers on the benchmark indices, underperforming the broader market amid concerns around governance after Chakraborty stepped down citing issues related to “values and ethics”.

Interim part‑time chairman, Keki Mistry, said that Atanu Chakraborty, had not provided the board with any evidence or details of the alleged unethical practices.

In his resignation letter, Atanu Chakraborty flagged concerns over the bank’s internal functioning, stating that “certain happenings and practices within the bank” over the past two years were “not in congruence with my personal values and ethics”.