HDFC Bank chair quits, cites conflict over ‘values and ethics’

HDFC Bank chairman Atanu Chakraborty has resigned from the board. He cited practices within the bank that did not align with his personal values and ethics. Keki Mistry has been appointed interim chairman for three months. Chakraborty’s tenure saw the significant merger of HDFC Bank with HDFC. His departure raises investor concerns for the systemically important lender.

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