Mumbai, March 30 -- Former HDFC Bank chairman Atanu Chakraborty on Monday hinted that the "mis-selling" of Credit Suisse's perpetual bonds was a bone of contention between him and the bank's management.

Chakraborty, who stepped down on 18 March, told CNBC TV18 in an interview that while he typically avoids sharing any boardroom discussions, in this case, the issue had been discussed in public by chief executive Sashidhar Jagdishan. In his 17 March resignation letter, he had cited "certain happenings and practices" at the bank that were "not in congruence" with his personal values and ethics.

Jagdishan had told The Economic Times on 23 March that HDFC Bank operates in West Asia through branches in Dubai. Bahrain customer engagement typic...