Story perspectives

HDFC Bank Shares Plummet After Chairman Resigns Amid Ethics Concerns

3/19/2026

Summary

Story summary

Shares of HDFC Bank fell 5.11% after Atanu Chakraborty, the part-time chairman, resigned citing ethical concerns.
Interim chairman Keki Mistry said Chakraborty did not provide evidence for his claims.
The Reserve Bank of India confirmed HDFC Bank's sound financials and governance.
Chakraborty's resignation raises questions about internal governance amid increased regulatory scrutiny in the banking sector.
Mistry's appointment is temporary for three months as the bank seeks a permanent chairman.

1 of 1

Story summary

Shares of HDFC Bank fell 5.11% after Atanu Chakraborty, the part-time chairman, resigned citing ethical concerns.
Interim chairman Keki Mistry said Chakraborty did not provide evidence for his claims.
The Reserve Bank of India confirmed HDFC Bank's sound financials and governance.
Chakraborty's resignation raises questions about internal governance amid increased regulatory scrutiny in the banking sector.
Mistry's appointment is temporary for three months as the bank seeks a permanent chairman.