Atanu Chakraborty (Retd IAS:1985:GJ) has resigned as Part-time Chairman and Independent Director of HDFC Bank.
The bank shared this in a stock exchange filing on Wednesday. Chakraborty said he was not comfortable with some internal practices. He mentioned that certain developments in the past two years did not match his personal values and ethics. The bank said no other reasons were given.
He was appointed Chairman in May 2021 for three years. In 2024, his term was extended till May 2027. During his time, HDFC Limited merged with HDFC Bank in July 2023. He also said that the full benefits of the merger are still to come.
After his resignation, Keki Mistry has been made interim Chairman from March 19. The Reserve Bank of India has approved the appointment.
Chakraborty is a former IAS officer. He has held key posts in the Government of India. He served as Secretary in the Department of Economic Affairs and also in the Department of Investment and Public Asset Management, where he played an important role in economic policymaking and disinvestment initiatives.
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