HDFC Bank Share Price in Focus; Announces Part Time Chairman Resignation and Interim Appointment

HDFC Bank Limited has announced a significant change in its leadership with the resignation of Mr Atanu Chakraborty as the Part-time Chairman and Independent Director.  

The bank has swiftly appointed Mr Keki Mistry as the interim Part-time Chairman, effective March 19, 2026. 

Resignation of Mr Atanu Chakraborty 

On March 18, 2026, Mr Atanu Chakraborty tendered his resignation from his role as the Part-time Chairman and Independent Director of HDFC Bank.  

The resignation was effective immediately, and the reasons for his departure are detailed in his resignation letter, which has been shared with the relevant authorities.  

The bank has confirmed that there are no other reasons for his resignation beyond those stated in the letter. Mr Chakraborty does not hold directorship in any other company. 

Appointment of Mr. Keki Mistry 

Following Mr. Chakraborty's resignation, HDFC Bank sought approval from the Reserve Bank of India (RBI) for the appointment of Mr Keki Mistry as the interim Part-time Chairman.  

The approval was granted on March 18, 2026, and Mr Mistry will assume his new role on March 19, 2026, for a period of 3 months.  

This appointment ensures continuity in leadership and stability within the bank's governance structure. 

Board's Appreciation and Future Steps 

The Board of Directors of HDFC Bank has expressed its gratitude to Mr Chakraborty for his contributions during his tenure.  

They have also extended their best wishes for his future endeavours. The bank is committed to maintaining its strong governance standards and ensuring a smooth transition during this period. 

Regulatory Compliance and Communication 

HDFC Bank has adhered to the regulatory requirements under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, by promptly informing the stock exchanges about these developments. The bank remains committed to transparent communication with its stakeholders. 

Read More: HDFC Bank, ICICI Bank, Bharti Airtel Among Top Stocks Held by Over 500 Mutual Fund Schemes! 

HDFC Bank Share Price Performance  

As of March 18, 2026, at 3:30 PM, HDFC Bank share price on NSE was closed at ₹843.05 down by 0.27% from the previous closing price. 

Conclusion 

The resignation of Mr. Atanu Chakraborty and the appointment of Mr. Keki Mistry as interim Chairman mark a notable change in HDFC Bank's leadership. The bank has taken swift action to ensure continuity and compliance with regulatory standards. 

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