File picture of Atanu Chakraborty. Picture: Particular association
Atanu Chakraborty on Wednesday (March 18, 2026) tendered his resignation as non-executive chairman and unbiased director of HDFC Financial institution with quick impact, saying, “Sure occasions and practices inside the financial institution that I’ve noticed over the previous two years are usually not per my private values and ethics.”
“That is the idea of my aforementioned determination,” he stated in his resignation letter.
“I affirm that there isn’t any different materials motive for my resignation aside from the above,” he added within the letter.
“We affirm that there aren’t any different causes for Mr. Chakraborty’s resignation than these said within the above letter,” the financial institution stated in an change submitting.
Additional, primarily based on the appliance filed by the Financial institution on this regard, the Reserve Financial institution of India on March 18, 2026, granted approval to nominate Keki Mistry because the Interim Non-Govt Chairman of the Financial institution for a time period of three months from March 19, 2026.
Mr. Chakraborty joined HDFC Financial institution’s board of administrators in Might 2021, and through his tenure on the board, vital occasions occurred, together with the merger of the financial institution and HDFC Ltd, which created a conglomerate underneath the financial institution.
“This strategic initiative has made HDFC Financial institution the second largest financial institution within the nation. Nonetheless, the complete advantages of the merger are but to be realized,” he stated within the letter.
