HDFC Bank shares hit a 1-year low after chairman's exit
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HDFC Bank Chairman Atanu Chakraborty has resigned due to ethical concerns. The Finance Ministry and Reserve Bank of India have stated the bank is strong with sound fundamentals. Keki Mistry has been appointed interim chairman.
Founder of InGovern Research Services said Atanu Chakraborty had made a big telling statement in his resignation, which the bank needed to proactively address, else risk losing its governance premium.
HDFC Bank Chairman Atanu Chakraborty resigns on ethical grounds. RBI and Finance Ministry confirm strong fundamentals; Keki Mistry appointed interim chairman.
Investors were left scratching their heads on Thursday after the abrupt resignation of HDFC Bank chairman Atanu Chakraborty the previous night, while shares of India's largest private sector lender plunged 5%.
For the quarter ended December 2025, HDFC Bank posted a net profit of Rs 18,654 crore, up 11.5% from the last three months of 2024.
HDFC Bank reassures investors on governance and stability after Chairman Atanu Chakraborty's resignation, says RBI backing and board unity will help restore confidence