
Atanu Chakraborty Resigns As HDFC Bank Chairman; Keki Mistry Appointed Interim Chair
Atanu Chakraborty has resigned as Part-Time Chairman and Independent Director of HDFC Bank with effect from March 18, 2026. He cited concerns related to practices within the bank over the past two years as the reason for his decision.
The bank said the Reserve Bank of India (RBI) has approved the appointment of Keki Mistry as interim Part-Time Chairman, effective March 19, 2026, for three months.
The bank addresses concerns after Chakraborty’s resignation. Mistry says there is no material or operational issues. The Board remains fully functional, governance standards remain strong, and stakeholder interests stay protected. Mistry, Interim Chairman, HDFC Bank, stated, “Want to emphasise, I would not have taken this responsibility at the age of 71, if it did not align with my principles & integrity.”
Chakraborty served as secretary in India’s Ministry of Finance, handling the Departments of Economic Affairs and Investment and Public Asset Management between 2018 and 2020. He later became Part-Time Chairman of HDFC Bank in 2021, appointed by the Reserve Bank of India. In the private sector, he served as CEO at Gujarat State Petroleum Corporation and Gujarat State Fertilizers & Chemicals. Over a 35-year career in public service, he worked on economic policy, project finance with multilateral institutions, capital markets regulation, and the disinvestment of state-owned enterprises. He holds an MBA from the University of Hull and a bachelor’s degree in engineering from the National Institute of Technology, Kurukshetra.
Mistry served as Vice Chairman and CEO of Housing Development Finance Corporation until its merger with HDFC Bank in July 2023. He chairs the Primary Market Advisory Committee of the Securities and Exchange Board of India (SEBI) and is part of committees on capital markets and regulations. He also serves on the Boards of companies, including HDFC Life Insurance, HDFC ERGO, and Tata Consultancy Services. He is a fellow member of the Institute of Chartered Accountants of India (ICAI) with over four decades of experience in banking and financial services.




