Athira Sethu
Kochi, 19 March 2026
The newly appointed interim chairman of HDFC Bank, Keki Mistry, has assured the bank’s investors and stakeholders on Thursday that the bank is stable despite the sudden resignation of the bank’s part-time chairman, Atanu Chakraborty. He had resigned due to differences over the bank’s values and ethics.
In his first statement after taking charge as the bank’s interim chairman, Keki Mistry assured the bank’s stakeholders that the bank’s board is committed to maintaining the trust of the bank’s investors. He said, “There are no big issues at present, and the bank’s operations are going on smoothly.”
The bank’s CEO has also assured the bank’s stakeholders of the bank’s commitment towards maintaining trust and stability.
Atanu Chakraborty, the bank’s former part-time chairman, had resigned from the bank on March 17. In his resignation letter, he mentioned that certain practices of the bank were not aligned with his personal values. However, he did not reveal the specific practices of the bank that were the reason behind his resignation.
HDFC Bank, in its official filing, has confirmed that the RBI had given its approval for Mistry to be the interim chairman of the bank for the next three months, starting from March 19. Chakraborty, a former bureaucrat, had been the part-time chairman of the bank since 2021 and had been reappointed for another term till 2027.
Under the tenure of the outgoing chairman, the bank was able to merge with Housing Development Finance Corporation (HDFC Ltd), which created one of the biggest financial services groups worldwide. However, the bank, as mentioned by the outgoing chairman, is yet to realize the full potential of the merger.
The sudden resignation of the bank’s chairman has impacted the bank’s stock prices. The US-listed shares of the bank have fallen by 8% following the news of the resignation. The bank’s shares also dipped slightly before the news was made public.
