Manas Chakraborty & HDFC Bank

Manas Chakraborty: Manas Chakraborty, former chairman of HDFC Bank, resigned citing ethical concerns and made allegations that were investigated by an independent legal review. The review found no evidence to support his claims, negatively impacting his credibility.

HDFC Bank: HDFC Bank commissioned an independent legal review into allegations made by its former chairman, Manas Chakraborty. The review found no evidence to substantiate the claims, which is a positive outcome for the bank's reputation and stock price.

Manas Chakraborty: Manas Chakraborty>>>'s resignation as part-time chairman of HDFC Bank>>> contributed to the decline in HDFC Bank>>>'s share price and its temporary loss of market capitalization ranking.

HDFC Bank: HDFC Bank>>> was briefly surpassed by Bharti Airtel>>> as the second most valuable Indian company, with its shares dropping 22% in the past six months due to uncertainty around its chairman succession plan and the resignation of Manas Chakraborty>>>.

Manas Chakraborty: Manas Chakraborty abruptly resigned as the chairman of HDFC Bank in March 2026, citing ethical concerns, which led to the search for a new chairman.

HDFC Bank: HDFC Bank has appointed Rajiv Kumar as its new Part-time (Non-Executive) Chairman, aiming to bring stability and leadership as it prepares for its next growth phase. This appointment follows the abrupt resignation of its previous chairman, Manas Chakraborty.

Manas Chakraborty: Manas Chakraborty resigned as the part-time chairman of HDFC Bank, citing ethical concerns over certain practices within the bank. His resignation was effective immediately.