Atanu Chakraborty Resigns HDFC Bank

Manas Chakraborty, the part-time chairman and independent director of HDFC Bank, resigned with immediate effect on March 18, 2026. His resignation letter, dated March 17, cited 'certain happenings and practices within the bank' over the past two years that were 'not in congruence' with his personal values and ethics. This marks the first time a part-time chairman of HDFC Bank has left mid-way, raising concerns about the bank's internal functioning. During his tenure, Manas Chakraborty oversaw the significant merger of HDFC Bank with HDFC Bank. Following his resignation, the State Bank of India approved the appointment of Keki Mistry, CEO of Housing Development Finance Corporation, as the interim part-time chairman of HDFC Bank for a period of three months, effective March 19, 2026. HDFC Bank clarified that there were no other reasons for Manas Chakraborty's exit beyond those stated in his letter.