Atanu Chakraborty, Part-time Chairman and Independent Director, HDFC Bank
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Atanu Chakraborty has tendered his resignation as the Part-time Chairman and Independent Director of HDFC Bank with immediate effect. He cited “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” as the basis for his decision to step down.
India’s largest private sector bank, in a regulatory filing, said based on its application made in 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 effect from March 19, 2026, for a period of 3 months.
In his resignation letter dated March 17, 2026, addressed to Harsh Kumar Bhanwala (Chairman, Governance, Nomination, Remuneration Committee), Chakraborty said: “I joined the Board of HDFC Bank in May 2021. My tenure on the Board saw momentous events like merger of the bank with HDFC Ltd that created a conglomerate under the Bank. This strategic initiative made HDFC Bank the second largest Bank in the country. Though, the benefits of merger are yet to fully fructify.
“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.”
Published on March 19, 2026
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