Atanu Chakraborty

The West Bengal government on Wednesday constituted a four-member Seventh Pay Commission of the state, headed by former Union economic affairs secretary Atanu Chakraborty, a day after Chief Minister Suvendu Adhikari announced his intention to implement the panel's recommendations within the current fiscal. Acting on its pre-poll promise, the BJP Cabinet had approved the constitution of the pay commission in May, soon after the party assumed power in the state. The panel, which will review pay, allowances, service conditions and DA for state employees, has for its members -- besides Chakraborty as its chairperson -- Partha Mukhopadhyay, senior fellow at Centre for Policy Research, Partha Pratim Pal, a professor of economics at IIM Calcutta, and state finance secretary Devi Prasad Karanam, a resolution of the finance department stated. Chakraborty is a retired 1985-batch IAS officer who served as secretary in the Ministry of Finance from 2019 to 2020 and subsequently officiated as the

Atanu Chakraborty didn't participate in the review, ignoring requests from the external law firms

HDFC Bank chairman Atanu Chakraborty resigned following disagreements with CEO Sashidhar Jagdishan, with sources citing a power struggle and differing views on leadership

HDFC Bank said that Chakraborty 'did not mention any happenings and practices which were not in congruence with his personal values and ethics'

HDFC Bank spent Thursday trying to explain why Chakraborty, a former senior bureaucrat in PM Narendra Modi's administration, left after almost five years as part-time chairman of the lender

HDFC Bank chairman Atanu Chakraborty quits citing ethical concerns, as spotlight turns on governance and trend of former bureaucrats leading private sector banks

RBI clears the air on governance concerns; mcap falls ₹66,433 cr

HDFC Bank reassures investors on governance and stability after Chairman Atanu Chakraborty's resignation, says RBI backing and board unity will help restore confidence

During an analyst call in the morning, Jagdishan said the best period of the bank will start now, with growth returning to pre-merger levels

Experts call for an independent directors' committee to probe circumstances behind Chakraborty's exit, citing ambiguity in resignation letter and investor concerns

A day after HDFC Bank Chairman Atanu Chakraborty resigned on ethical concerns, a top Finance Ministry official on Thursday said the bank is a "strong institution with strong fundamentals". Financial Services Secretary M Nagaraju said the Reserve Bank of India (RBI) has already issued a statement in this regard. "HDFC Bank is a strong institution with strong fundamentals," he told reporters. The remarks come after the sudden exit of Chakraborty as chairman of HDFC Bank -- the country's second-biggest lender -- effective March 18, 2026, citing ethical concerns. This is the first time that a part-time chairman of HDFC Bank has left mid-way, raising concerns over its functioning. Earlier in the day, the Reserve Bank said there were no material concerns on record as regards the bank's conduct or governance. "HDFC Bank is a Domestic Systemically Important Bank (D-SIB) with sound financials, a professionally run board and a competent management team. Based on our periodical assessment, t

Market strategist Anand James of Geojit Investments highlights that the January 2025 low of ₹810 is the key, sustained trade below the same could favour further downside.

Ex-IAS officer Atanu Chakraborty resigned from HDFC Bank's board as a part-time chairman and independent director, citing 'ethical' differences with some practices at the bank

Keki Mistry says there are no material concerns at HDFC Bank after Atanu Chakraborty's exit, rules out governance issues, and says the board will review organisational structure

"Certain happenings and practices within the bank, that I have observed over last two years, are not in congruence with my personal values and ethics", says Chakraborty

Atanu Chakraborty is not related to any other directors or key managerial personnel of the bank.

'Credit growth is picking up. Banks are now in a lending mode'

A more stable balance sheet because of the merger will enable HDFC Bank to step up exposures and facilitate higher credit growth in the economy, said the chairman

The meeting of the board of directors will be convened in due course to appoint Chakraborty as chairman and ad­di­tional director

Private sector lender HDFC Bank on Friday said the Reserve Bank has approved appointment of former Economic Affairs Secretary Atanu Chakraborty as the part-time chairman of the bank