HDFC Bank Chairman Atanu Chakraborty Resigns; Keki Mistry Named Interim Part-Time Chair

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HDFC Bank Chairman Atanu Chakraborty resigned on March 18, 2026, citing value misalignments with internal practices observed over the last two years. Keki Mistry has been named interim part-time chairman for three months, effective from March 19, 2026, with approval from the Reserve Bank of India. HDFC Bank, India’s second-largest bank, noted Chakraborty’s contributions during its merger with HDFC Ltd., and analysts currently rate HDB stock as a “Buy” with a target price of $32.00.

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