HDFC Bank said that Chakraborty 'did not mention any happenings and practices which were not in congruence with his personal values and ethics'
Stocks to Watch today, March 24, 2026: From HDFC Bank to oil related stocks, here is a list of shares that will remain on investors' radar
Sebi will review HDFC Bank board minutes after chairman Atanu Chakraborty's exit, with its chief cautioning independent directors against unsubstantiated remarks
HDFC Bank's sharp fall has eroded Rs 50,000 crore from mutual fund portfolios, with high exposure across schemes limiting fund managers' ability to deploy fresh capital
Days after the surprise resignation of HDFC Bank non-executive chairman Atanu Chakraborty, capital markets regulator Sebi's chairman Tuhin Kanta Pandey on Monday said independent directors are expected to act responsibly and not make any insinuations. In the comments that come in response to the executive chairman leaving the largest private sector lender, citing concerns on ethics and values, Pandey reminded of the responsibilities of independent directors like Chakraborty. It can be noted that the resignation had led to a sharp correction in the HDFC Bank scrip, as investors became concerned. The independent directors are required to be protectors of the interests of minority shareholders and should act "responsibly", Pandey told reporters here. "No one is expected to make insinuations without proper evidence and recordings," Pandey told reporters in the customary post-board meet interaction. Reading out from statutes, he said there is a system in place to deal with independent
Kunal Kamble, technical analyst at Bonanza cautions against venturing into HDFC Bank stock for now due to a weak chart setup; while he sees support for Larsen & Toubro around ₹3,100 levels.
The rift came down to differing views over accountability, particularly over client losses tied to risky bonds sold by Credit Suisse
Here are the best of Business Standard's opinion pieces for today
HDFC Bank CEO Sashidhar Jagdishan says Chakraborty's exit and UAE onboarding gaps are unrelated, stresses strong governance, compliance fixes, and growth-focused strategy ahead
The sudden resignation of its chairman, therefore, cannot be treated as an ordinary event
The combined market valuation of five of the top-10 most-valued firms eroded by Rs 1 lakh crore last week, with HDFC Bank taking the biggest hit. Last week, the BSE benchmark Sensex dipped 30.96 points, or 0.04 per cent, and the NSE Nifty slipped 36.6 points, or 0.15 per cent. "Markets ended the week on a largely flat note with a negative bias, reflecting underlying caution among participants. The tone remained positive during the first three sessions; however, a sharp decline on Thursday erased the gains, followed by a volatile final session," Ajit Mishra, SVP, Research, Religare Broking Ltd, said. While HDFC Bank, ICICI Bank, Tata Consultancy Services (TCS), Bajaj Finance and Hindustan Unilever were the laggards, Reliance Industries, Bharti Airtel, State Bank of India, Infosys, and Life Insurance Corporation of India (LIC) emerged as the winners. The combined market valuation of the five firms eroded by Rs 1,02,771.87 crore. HDFC Bank's valuation tumbled Rs 56,124.48 crore to Rs
Move linked to alleged mis-selling of Credit Suisse AT1 bonds to NRIs; comes days after chairman Atanu Chakraborty's sudden resignation
Stock declines amid governance concerns after chairman's exit; brokerages say clarity on CEO reappointment and leadership stability may help restore investor confidence
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
Stocks to Watch today, March 20: HDFC Bank, TCS, NTPC, JSW Cement, and Nestle India are among the top stocks to watch today
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
HDFC Bank board may seek clarification from former chairman Atanu Chakraborty over concerns cited in his resignation letter amid questions on governance and management relations
Keki Mistry takes charge as interim chairman of HDFC Bank, assuring stakeholders on governance and integrity after Atanu Chakraborty's resignation