Mr. Keki Mistry: Interim Part-Time Chairman: There are No Material Matters At This Point Of Time. Sashidhar Jagdishan, Managing Director And Chief Executive Officer, HDFC Bank: Of course, a large organization will have errors and omissions. We will continue to address them
FinTech BizNews Service
Mumbai, March 20, 2026: Mr. Keki Mistry – Interim Part-Time Chairman, also Chair - Stakeholders Relationship Committee – HDFC BANK, stated during the HDFC Bank’s Investor Conference Call” on March 19, 2026: “We would like to address the recent development regarding the resignation of Mr. Atanu Chakraborty as Part-Time Chairman and Independent Director of HDFC Bank Limited. The board has accepted his resignation with appreciation for his guidance and contribution during his tenure. On behalf of the board and in full concert with the executive leadership, I wish to assure all stakeholders that there are no material matters at this point of time. Based on our discussions, there was no specific happenings and practices that were brought to our attention. There were no specific operational or other issues that have been highlighted. The board's oversight mechanism remains fully operational and our collective commitment to protecting the interest of the institution, depositors, shareholders, and all stakeholders is completely and totally unwavering. This disclosure made is complete and transparent in line with regulatory requirements.
The board remains fully committed to safeguarding institutional resilience and investor confidence. The bank operates with strong governance standards, robust internal controls, and an extremely experienced management team. Our strategic direction, business priorities, and execution capabilities continue to remain as always. The Reserve Bank of India has approved my appointment as the Interim Part-Time Chairman for a period of 3 months. The governance architecture that HDFC has built over the decades is grounded in transparency, institutional integrity, and long-term value creation. We remain focused on building on our strong legacy and working towards continued value creation for the bank's stakeholders. We share strong value systems, and I am confident of camaraderie and collaboration with the executive management and steadfast execution to meet all stakeholder objectives in an optimal manner. I also want to emphasize, and this is the last statement I will make, that I would not have taken on this responsibility at the age of 71 if it did not align with my principles and the level of integrity that I would expect from the bank, added MR. KEKI MISTRY.
“We will not do anything that will bring in ignominy”: Sashidhar Jagdishan
Sashidhar Jagdishan, Managing Director And Chief Executive Officer – HDFC Bank, said during the call: We have all put in years of experience here. Our biggest treasure that we all have collectively with the members of the board, each of them are extreme professionals, and you as a Part-Time Chairman, is the trust and the integrity. I mean that is a value system with which we have all grown up and we have all been mentored in this wonderful umbrella of the brand HDFC and we are proud of that. We will continue to ensure that this particular trust is maintained not just now but sustained for several years going forward. We will not do anything that will bring in ignominy. Of course, there will be, a large organization will have errors and omissions. We will continue to address them as we go along but never will the tone at the top have anything which will have any kind of embarrassment to anyone including our own conscience.”
