HDFC Bank shares fall 5% as part-time chair of India’s largest private bank resigns over 'ethics'

Interim part‑time chairman Keki Mistry said Atanu Chakraborty provided no evidence or details to the board regarding alleged unethical practices. The allegation is therefore unsubstantiated for now, limiting immediate governance risk; monitor for any subsequent disclosures or legal action that could affect reputation or regulatory scrutiny.

Analysis

Interim part‑time chairman Keki Mistry said Atanu Chakraborty provided no evidence or details to the board regarding alleged unethical practices. The allegation is therefore unsubstantiated for now, limiting immediate governance risk; monitor for any subsequent disclosures or legal action that could affect reputation or regulatory scrutiny.