News room

Address from Mr. Mistry to Analysts
on March 19, 2026

We would like to address the recent development regarding the resignation of Mr. Atanu Chakraborty as Part-time Chairman and Independent Director of HDFC Bank Limited. The Board has accepted his resignation, with appreciation for his guidance and contributions during his tenure. We wish him the very best in his future endeavours. 

On behalf of the Board, and in full concert with the executive leadership, I wish to assure all stakeholders that there are no material matters at this time. Based on our discussions there were no specific happenings and practices that were brought to our attention. There were no specific operational or other issues that have been highlighted. 

The Board’s oversight mechanisms remain fully operational, and our collective commitment to protecting the interests of the institution, depositors, shareholders, and all stakeholders is unwavering.  The disclosure made is complete and transparent, in line with regulatory requirements. 

The Board and the management oversaw the largest merger in recent years in Indian corporate history. The merger’s successful completion and continued results have not only boosted the Bank’s balance sheet but also given it a stronger presence in key products and services. The merged entity continues to build on its shared values and realise the full potential of its market synergies. The Board remains firmly committed to safeguarding institutional resilience and investor confidence. 

The Bank operates with strong governance standards, robust internal controls, and an experienced management team. Our strategic direction, business priorities, and execution capabilities continue to remain as always.

The Reserve Bank of India has approved my appointment as the Interim Part- time Chairman for a period of three months. 

The governance architecture that HDFC Bank has built over the decades, grounded in transparency, institutional integrity, and long-term value creation. 

We remain focussed on building on our strong legacy and working towards continued value creation for the Bank’s stakeholders. We share strong value systems. I am confident of camaraderie and collaboration with the Executive management in steadfast execution to meet all stakeholders’ objectives in an optimal manner.