Mumbai/IBNS, March 24 -- Shares of HDFC Bank rebounded on Tuesday, rising around 2% after four consecutive sessions of losses, media reports said.

The bank said it has appointed external law firms to examine Chakraborty's resignation letter, adding that a report will be submitted within a reasonable timeframe.

In his resignation letter, Chakraborty stated that he was not aligned with certain decisions taken by the bank over the past two years.

Reflecting on his tenure, Chakraborty said it coincided with major developments, including the merger of the bank with HDFC Ltd, which created a financial conglomerate and made HDFC Bank the second-largest bank in India.

However, he noted that the full benefits of the merger are yet to be realis...