HDFC Bank shares pare initial losses to trade at ₹814.10, down 3.42%, after ex-chairman says resignation ‘nothing worth discussion’

Shares trade 3.4% lower at 13:07 hours

HDFC Bank shares were trading at ₹814.15, or ₹28.80 lower at 13:07 hours

Former Non-Executive Chairman Atanu Chakraborty calls resignation from HDFC Bank ‘routine’

In his first response following his resignation, Atanu Chakraborty, former Non-Executive Chairman of HDFC Bank, described the development as a routine matter and declined to elaborate on the circumstances surrounding his exit.

Atanu Chakraborty calls resignation from HDFC Bank ‘routine’

Atanu Chakraborty calls his HDFC Bank resignation routine, while RBI assures the bank’s financial stability and governance.

HDFC Bank latest news updates: Department of Financial Services (DFS) supports RBI statement on the bank

HDFC shares show signs of recovery after RBI’s assurance; stock at 809.60, down 3.97%

HDFC Bank interim chair Keki Mistry reasserts that Board members are not aware about the issue which now-resigned chairman Atanu Chakraborty mentioned in the letter

Bank operates with robust governance standards, says HDFC Bank interim chair Keki Mistry during concall

Wish to assure the shareholders that there are no operational issues: Keki Mistry

I would not have taken the responsibility at the age of 71 if the bank had not aligned with the integrity and my ethics: Interim chair Keki Mistry during concall

HDFC Bank stock price live: MacQuarie says near-term underperformance may remain

HDFC Bank share price live: MacQuarie says that while fundamentals remain strong with good ROA, at this point in time, governance concerns will weigh down heavily on the stock

HDFC Bank shares recover, trade 5% lower after chairman quits

Shares of HDFC Bank dived nearly 9 per cent in Thursday morning trade before recovering to trade at about 5 per cent lower. Late on Wednesday, Atanu Chakraborty resigned as chairman of the country’s second-biggest lender citing ‘ethical concerns’.

HDFC Bank shares tumble nearly 9% after chairman quits

HDFC Bank shares fall nearly 9% after chairman resigns over ethical concerns, eroding market value by ₹65,176 crore.

The announcement of the resignation weighed on investor sentiment, leading to a sharp fall in the bank’s stock during the trading session.

No material concerns on record as regards HDFC Bank’s conduct or governance: RBI

RBI says it found no material concerns at HDFC Bank after chairman’s exit

RBI found no material concerns in HDFC Bank’s governance or finances following chairman Atanu Chakraborty’s resignation.

Atanu Chakraborty was appointed to the board of HDFC in 2021. He was paid a salary of ₹1 crore per year for serving as independent director & Chairman

(DIN source: Trendlyne)

HDFC Bank Chairman Atanu Chakraborty resigns citing ‘Values and Ethics’ concerns

Chakraborty cited “certain happenings and practices within the bank, that I have observed over last two years, are not in congruence with my personal values and ethics” as the basis for his decision to step down.

RBI says no material concerns on governance, conduct after Atanu Chakraborty’s exit

The Reserve Bank of India (RBI) on Thursday said there are no material concerns on record as regards HDFC Bank’s conduct or governance. This statement comes in the backdrop the resignation of Atanu Chakraborty as the Part-time Chairman and Independent Director of Bank with immediate effect.

HDFC Bank stock price: Kotak says chairman exit adds “incremental uncertainty” to weak sentiment; valuation recovery may ‌stay slow

HDFC Bank says ex-chairman gave no details despite repeated questions

Macquarie Research ‌removes HDFC Bank from marquee buy list; says near-term ‌underperformance may persist ‌on governance concerns

HDFC Bank stock set for steepest single-day drop since July 2024

RBI says it found no material concerns at HDFC Bank after chairman’s exit

The Reserve Bank of India said on Thursday ‌it found no material ⁠concerns regarding HDFC Bank’s conduct or governance ‌after its part-time chairman resigned ‌citing ‌differences ⁠with the ⁠lender over “values and ethics”.

RBI says it found no material concerns at HDFC Bank after chairman’s exit

RBI found no material concerns in HDFC Bank’s governance or finances following chairman Atanu Chakraborty’s resignation.

Sensex plunges 1,700 points as West Asia war, oil surge trigger global selloff

Sensex plunges 1,600 points as West Asia war, oil surge trigger global selloff

Sensex plunged 1,600 points amid West Asia conflict, rising oil prices, and global market selloff triggering widespread investor panic.

HDFC Bank shares tumble nearly 9% after chairman quits

Shares of HDFC Bank dived nearly 9 per cent on Thursday morning trade after Atanu Chakraborty resigned as chairman of the country’s second biggest lender citing ethical concerns.

HDFC Bank shares tumble nearly 9% after chairman quits

HDFC Bank shares fall nearly 9% after chairman resigns over ethical concerns, eroding market value by ₹65,176 crore.

Reserve Bank of India issues statement on the events at HDFC Bank

The Reserve Bank has taken note of the recent developments in HDFC Bank. A transition arrangement as requested by the Bank has been approved by Reserve Bank as regards the position of Part Time Chairman of the Bank.

HDFC Bank is a Domestic Systemically Important Bank (D-SIB) with sound financials, professionally run board and competent management team. Basis our periodical assessment, there are no material concerns on record as regards its conduct or governance. The bank remains well-capitalized and the financial position of the bank remains satisfactory with sufficient liquidity.

Reserve Bank will continue to engage with the Board and management on the way forward.

Compliance and governance and controls remains very strong, says HDFC Bank

HDFC Bank says chairman exit may be over rift with management; stock falls

India largest private lender said on Thursday that the abrupt exit of its ‌chairman could be due to a rift between him and the management team, adding there were no material ⁠issues at the bank.

HDFC Bank says chairman exit may be over rift with management; stock falls

HDFC Bank chairman resigns over management rift, citing ethical differences, triggering an 8.7% stock decline and governance concerns.

HDFC Bank says regulators have been regularly doing onsite and offsite inspections and comfortable with the bank (Source: MacQuarie)

HDFC Bank’s NRC committee to take a call on CEO re-appointment – coming up for renewal in October 2026 (Source: MacQuarie)

Atanu Chakraborty, a former IAS officer, was appointed as HDFC Bank’s chairman in April 2021 for a three-year term and reappointed in 2024 through May 2027

Chakraborty’s resignation has nothing to do with operational profitability of bank: HDFC Bank interim chair Keki Mistry

JP Morgan on HDFC bank

JP Morgan said the chairman’s exit adds to macro headwinds.

“Two things stood out to us in the resignation letter. Mr. Chakraborty cited the following as a key reason for stepping down: ‘Certain happenings and practices within the bank, that I have observed over the last two years, are not in congruence with my personal Values and Ethics’ and Benefits of HDFC Bank-HDFC Ltd merger are yet to fully fructify,” it said.

JP Morgan believes the stock is likely to trade weakly following the resignation announcement, with the impact to be further amplified by a softer macro backdrop amid geopolitical uncertainties.

“Reasons for resignation do raise some concerns about potential material disagreements between board & co’s leadership, risking board‑management cohesion and, in turn, future decision‑making and execution,” JP Morgan said.

“While the letter does not allege specific misconduct, perception alone can weigh on sentiment until credible steps are outlined and delivered,” it added.

Amit Tandon, chief executive, Institutional Investor Advisory Services, and HDFC Bank shareholder, says RBI should be on top of the issue

“The RBI should be on top of the issue as HDFC Bank is a systematically important ‌bank. But since the RBI has appointed a group insider Keki Mistry in his place it could mean less alarm for shareholders”

Kotak Institutional Equities says current episode raises concerns for the HDFC Bank stock

“While governance standards have historically been strong for the bank, the current episode raises concerns about aspects that we may have limited insights, but could be material from a stock multiple perspective,” ‌said Kotak Institutional Equities in a note.

Board remains committed to safeguarding investor confidence: HDFC Bank Interim Chair Keki Mistri

HDFC Bank Interim Chair Keki Mistri says differences on minor issues come up from time to time; no material issues raised by now-resigned Atanu Chakraborty

HDFC Bank shares down 5.11% as Chairman quits over ethical concerns

HDFC Bank shares plummeted sharply in early trade on Thursday after Atanu Chakraborty, the bank’s Part-time Chairman and Independent Director, resigned citing ethical concerns about the lender’s internal practices.

HDFC Bank shares down 5.11% as Chairman quits over ethical concerns

HDFC Bank shares hit a 52-week low after Chairman resigns over ethical concerns, causing sharp investor sell-off.

HDFC Bank CEO says will continue to ensure trust on the bank is maintained

HDFC Bank’s part-time chair Atanu Chakraborty’s resignation letter filed with the BSE

HDFC Bank’s US-listed shares fall 7% after chairman resignation

HDFC Bank CEO Sashidhar Jagdishan says will re-examine organisational structure moving forward

HDFC Bank CEO says Deputy MD Bharucha will get more responsibilities going forward

HDFC Bank interim chair Keki Mistry says no power struggle within the bank
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HDFC Bank news updates: RBI approves appointment of Keki Mistry as an interim Part-time Chairman of the Bank with effect from March 19, 2026, for a period of 3 months

HDFC Bank stock live: Investor concerns rise as chairman quits

The sell-off reflects sharp investor concern. The stock has lost over 19 per cent year-to-date and is down nearly 8 per cent over the past year, significantly underperforming the broader Nifty 50 index. Its market capitalisation currently stands at approximately ₹12.31 lakh crore. The 52-week high was ₹1,020.50, recorded in October 2025, putting the stock nearly 22 per cent below that peak.

HDFC share price live: HDFC Bank shares down 5.11% as Chairman quits over ethical concerns

HDFC Bank shares plummeted sharply in early trade on Thursday after Atanu Chakraborty, the bank’s Part-time Chairman and Independent Director, resigned citing ethical concerns about the lender’s internal practices.