The Financial Times, citing multiple bankers and shareholders, reports that the real tensions ran far deeper than compliance concerns. Key Points HDFC Bank’s non-executive chairman Atanu Chakraborty and CEO Sashidhar Jagdishan were involved in a power struggle according to the
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
