New Delhi, April 3 -- HDFC Bank is not mulling legal action against former part-time Chairman Atanu Chakraborty, who resigned from the company in an unprecedented move last month, citing ethics and values.

According to a report by ET Now citing people familiar with the knowledge of the discussions, HDFC Bank is unlikely to seek damages from Chakraborty despite an alleged impact on its reputation.

Livemint was not able to verify the authenticity of the report. This article will be updated if HDFC Bank releases an official statement.

The ET Now report further said that HDFC Bank will focus on an internal review rather than seeking a litigation.

While the chances to seek damages from Chakraborty is unlikely at the moment as per the repor...