HDFC Bank shares climb 2% as board takes governance action. The lender appointed external law firms, both domestic and international, to review former chairman Atanu Chakraborty's resignation letter. The stock recovered to ₹754.80 after touching a 52-week low of ₹741.05, though shares remain down nearly 12% since Chakraborty's departure last week. Chakraborty cited differences with management over values and ethics, raising investor concerns. The bank clarified no specific incidents were referenced and stated no material governance issues exist. The RBI has affirmed HDFC Bank remains systemically important and financially sound with professional management in place. The law firms' findings are expected within a reasonable timeframe as the bank reinforces its governance standards.
