Mumbai/IBNS, March 30 -- Days after his surprise resignation as part-time chairman of HDFC Bank, Atanu Chakraborty has said his decision was driven by concerns over "values" and "ethics."

In an interview with CNBC-TV18, Chakraborty indicated that his resignation stemmed from differences over principles, though he refrained from citing any specific incident behind his exit.

Elaborating on the role of independent directors, Chakraborty noted that they carry "onerous responsibilities" in upholding ethical standards, probity, integrity, and fiduciary duties towards depositors.

"For me, the customer is God. there has to be a long-term relationship of loyalty with the customer, not a transactional one," he added.

Sources familiar with the m...