HDFC Bank chairman's exit over ethical concerns
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HDFC Bank shares have fallen from around ₹843 to ₹781 apiece in the last two straight sessions
Founder of InGovern Research Services said Atanu Chakraborty had made a big telling statement in his resignation, which the bank needed to proactively address, else risk losing its governance premium.
HDFC Bank Chairman Atanu Chakraborty has resigned due to ethical concerns. The Finance Ministry and Reserve Bank of India have stated the bank is strong with sound fundamentals. Keki Mistry has been appointed interim chairman.
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HDFC Bank Fires 3 Senior Officials For Gaps In Client Onboarding At Its DIFC Branch
HDFC Bank has fired three senior executives at its Dubai branch over alleged bond mis-selling. The move follows its chairman's sudden resignation.
HDFC Bank faces scrutiny after the resignation of its chairman Atanu Chakraborty, citing ethical concerns. Following this, the bank terminated three employees for lapses in client onboarding. These issues led to regulatory actions by Dubai authorities and raised concerns about the bank's governance and compliance standards.
The bank identified certain gaps in client‑onboarding requirements at its DIFC branch in the UAE and has completed a detailed and objective review of the matter,” the bank said in a statement to The Indian Express.
HDFC Bank has fired three employees due to client onboarding lapses at its DIFC branch, following the resignation of chairman Atanu Chakraborty over ethical concerns.