HDFC Bank's part-time chairman resigns over values concerns. Atanu Chakraborty stepped down citing practices within the bank that conflict with his personal ethics and values, though he did not specify details. The resignation triggered sharp market reaction, with HDFC Bank shares plummeting to their 52-week low during early trading Thursday, declining over eight percent. Chakraborty joined the board in May 2021 and witnessed the transformative merger between HDFC Bank and HDFC Ltd, which elevated the bank to India's second-largest banking institution. His departure raises questions about governance and internal practices at one of India's most significant financial institutions during a critical period of post-merger integration.
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