HDFC Bank Hit by Chairman's Resignation

HDFC Bank is under pressure after the surprise resignation of its non-executive chairman, Atanu Chakraborty, who cited differences in values and ethics with the bank. According to Reuters, the departure may also reflect a deeper disagreement with management, fueling questions over the group's governance. The stock fell as much as 8.7% during the session, underscoring strong investor concern over the internal crisis. In the short term, the issue could weigh on market confidence and keep volatility elevated in HDB shares, even if the operational impact has yet to be confirmed.