In an unexpected development, Atanu Chakraborty has resigned as the Chairman of HDFC Bank, citing ethical concerns. His resignation marks the first instance of a part-time chairman stepping down before completing the term, raising questions about the bank’s internal functioning.
In his resignation letter dated March 17, Chakraborty stated that certain developments and practices within the bank over the past two years were not aligned with his personal values and ethics, prompting his decision to step down.