Shares of HDFC Bank fell nearly 12% in three days after non-executive chairman Atanu Chakraborty resigned abruptly, citing differences over values and ethics, triggering investor concerns over governance. Chairman’s Exit Sparks Market Sell-OffThe stock of HDFC Bank continued its decline Monday, falling 4.70% to close at Rs 743.75 on the BSE. The bank’s market capitalization has taken a significant hit amid the downturn, underscoring the scale of investor concern following the resignation. Dispute Over “Values and Ethics” Raises QuestionsAtanu Chakraborty resigned March 18 with immediate effect, according to a regulatory filing. In his resignation letter dated March 17, he cited concerns over “values and ethics” observed over the past two years.

Source: Economic Times March 24, 2026 10:54 UTC