HDFC Bank chairman's exit over ethical concerns
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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.
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.