HDFC Bank Engages External Law Firms to Assess Atanu Chakraborty's Resignation Letter

HDFC Bank Appoints External Law Firms to Review Former Chairman's Resignation

HDFC Bank has announced that it has appointed external law firms to conduct a review into the resignation letter of former part-time chairman Atanu Chakraborty. The review is aimed at understanding the reasons behind Chakraborty's sudden departure from the company.

Background On March 23, 2026, the Board of Directors of HDFC Bank approved the appointment of external law firms to conduct the review. The law firms, which are both domestic and international, have been tasked with providing a report on the matter within a reasonable period of time. The review is seen as a proactive step by the bank to reinforce its robust governance standards.

Resignation Details In a letter filed to the exchanges, HDFC Bank stated that Atanu Chakraborty's resignation letter did not specify any happenings at the bank that did not match his values. The bank had earlier mentioned that the resignation may have stemmed from a rift between Chakraborty and the bank's management. However, no details have been provided about the reasons behind Chakraborty's decision to leave the company.

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Key Figures

• Atanu Chakraborty: Former part-time chairman of HDFC Bank
• HDFC Bank: Private lender and one of India's largest banks

Timeline

• March 23, 2026: Board of Directors of HDFC Bank approved the appointment of external law firms to conduct the review.