HDFC Bank’s interim chairman Keki Mistry on Thursday sought to reassure investors that there is “no power struggle” at the lender following the abrupt resignation of part-time chairman Atanu Chakraborty. Surprise moveBoard members said they were “baffled” at Chakraborty’s sudden decision to step down, stating that no specific concerns had been formally flagged either prior to or during board discussions. The board members asked him yesterday, and he didn’t give any specific explanation,” Mistry said. During his tenure, the board oversaw the merger of HDFC Ltd with HDFC Bank, a transaction that created the second-largest lender in India. “HDFC Bank is an organisation I nurtured for five years.

Source: The Telegraph March 20, 2026 01:39 UTC