Former HDFC Bank chairman Atanu Chakraborty reveals that his resignation was prompted by concerns over the misselling of AT-1 bonds and the bank’s overall underperformance, shedding light on governance and ethical considerations. IMAGE: Atanu Chakraborty, former non-executive chairman, HDFC Bank.
HDFC Bank has initiated a thorough independent review by external law firms to address the ethical concerns raised by its former Chairman, Atanu Chakraborty, whose abrupt resignation has prompted a proactive move to uphold the bank’s stringent governance standards. Photograph:
Governance uncertainty and leadership visibility gap are likely to keep the stock under pressure in the near term, said Nomura in a report. Photograph: Kind courtesy Openbook10/wikipedia.org/Creative Commons After a tumultuous day, where HDFC Bank’s management and board tried
The controversy involves mis-selling Credit Suisse AT-I bonds to NRIs as fixed-maturity instruments, later written off after collapse. Photograph: Kind courtesy HDFC.Bank.com HDFC Bank — the largest private sector lender in the country — has asked three of its
Atanu Chakraborty’s sudden resignation as HDFC Bank chairman, citing ethical concerns, has triggered leadership changes and raised questions about governance at the country’s second-largest lender. IMAGE: A file photo of Atanu Chakraborty with Finance Minister Nirmala Sitharaman. Photograph: ANI Photo
Following the HDFC Bank chairman’s resignation, the Reserve Bank of India (RBI) has issued a statement reassuring the public about the bank’s financial stability, governance, and overall sound position in the Indian banking sector. Photograph: ANI Photo Key Points RBI
