HDFC Bank shares in focus after part-time chairman Atanu Chakraborty resigns; Keki Mistry takes the charge

The exchange filing said, “Mr. Atanu Chakraborty has today, i.e., on March 18, 2026, tendered his resignation as the Part-time Chairman and Independent Director of the Bank with immediate effect.”

It further noted that the RBI approved the appointment of Mr. Keki Mistry as an interim part-time chairman of the bank, effective March 19, 2026, for a period of three months.

The resignation letter, penned by the outgoing part-time chairman, pointed out that certain practices within the bank he had observed over the past two years are not in congruence with his personal values and ethics, which formed the basis of his decision to resign.

Chakraborty further said, “It has been a privilege to contribute to the growth and governance of the bank. I observed a great amount of energy and verve in the middle & junior levels of the organisation, which should form the core of a reimaged organisation. I also place on record my sincere appreciation for secretarial, compliance, audit, and group oversight functions.

Atanu Chakraborty joined HDFC Bank as a part-time chairman and independent director for a three-year tenure ending in 2024. He was reappointed to the post for a three-year term, which will expire in 2027.

HDFC Ltd, the housing finance-focused arm, was merged with HDFC Bank in 2023, under the leadership of Atanu Chakraborty. His tenure focused on strengthening the bank’s governance and navigating the transition from a standalone bank to a unified financial entity.

The bank's net interest income (NII) in Q3 FY26 advanced 6.4% to ₹32,620 crore compared to ₹30,650 crore in the same period of the previous fiscal year. The net interest margin (NIM) on core assets stood at 3.35% and 3.51% on interest-earning assets.

The standalone profit after tax surged 11.5% YoY to ₹18,650 crore in the quarter ended December 2025.