In light of part-time Chairman Atanu Chakraborty's exit from HDFC Bank, the executive management said that it stands together and remains comitted to best standards of governance.
While addressing a media conference call, RBI appointed interim part time Chairman Keki Mistry said that HDFC was built on strong value system & grounded in transparency and "the management stands together and remains committed to the best standars of governance."
Clarifying on whether Chakraborty's exit had anything to do with underlying issues, Mistry stated that there was no particular issue brought forward to him by Atanu.
"Chakraborty said he had no specific concerns and the management has spoken to several investors to address concerns," Mistry highlighted. He added that management will be speaking to major shareholders during course of next few days.
The Chief Executive Officer of the bank Sashidhar Jagdishan reiterated these comments and said that internal disagreements or difference of opinion is not the reason for chairman resignation.
ALSO READ: 'Not Pointing Out Any Wrongdoing': Atanu Chakraborty Tells NDTV Profit After Resignation
Atanu's Take
Following his resignation as the HDFC Bank part-time chairman, Atanu Chakraborty has spoken to NDTV Profit, adding that he is not trying to point out any wrongdoing at the bank and that his decision to resign came solely from ideological differences between him and the entity.
Chakraborty reiterated that he is not pointing out any malpractices within the organisation and that the resignation originated purely out of ideological differences.
"HDFC Bank is an organisation I nurtured for 5 years. I am not pointing out any wrongdoings at the bank. My ideologies did not match with the organisation, and hence it was time to part ways," he told NDTV Profit.
This came on the back of Atanu Chakraborty's resignation as part-time chairman of HDFC Bank, citing ethical concerns over practices that he said were not aligned with his personal values.
Chakraborty, a former bureaucrat and seasoned financial sector professional who joined India's largest private sector bank in May 2021, expressed gratitude to the board and management for their support during his tenure. He acknowledged the cooperation extended to him while serving in the leadership role.
ALSO READ: HDFC Bank's Valuation Test: Has The Stock Priced In The Noise?
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
