Chairman's exit was a 'challenging event': HDFC CEO
India, July 13 -- HDFC Bank Ltd.'s workforce declined by 3,343 employees in the financial year ended March as India's largest private lender accelerated efforts to automate operations and redeploy staff to customer-facing roles.
HDFC Bank chief executive Sashidhar Jagdishan said the sudden resignation of former chairman Atanu Chakraborty in March was a "challenging event" that triggered tough questions about the lender's corporate governance. Writing to shareholders in the bank's FY26 annual report released on Saturday, Jagdishan sought to address the fallout from Chakraborty's parting statements.
Following the exit, HDFC Bank moved swiftly to appoint Keki Mistry as interim chairman with RBI clearance, Jagdishan said. He noted that the day ...
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