HDFC Bank has announced the appointment of external law firms to review the resignation of Mr. Atanu Chakraborty, the former Part-time Chairman and Independent Director. This decision was made during a board meeting held on 23 March 2026, following Mr. Chakraborty’s resignation on 18 March 2026.
The bank clarified that Mr. Chakraborty did not cite any incidents or practices conflicting with his personal values and ethics in his resignation letter. However, to ensure the maintenance of robust governance standards, the board has decided to engage both domestic and international law firms for an independent review.
The appointed law firms are tasked with examining the circumstances surrounding Mr. Chakraborty’s resignation and are expected to provide their findings within a reasonable timeframe. This move underscores HDFC Bank‘s commitment to transparency and governance.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).