New Delhi, March 19 -- In a significant development, the HDFC Bank part-time chairman and independent director, Atanu Chakraborty has resigned from his position citing concerns over "certain happenings and practices" at the bank.
He said the certain happenings were not aligned with his personal values and ethics.
In his resignation letter, Chakraborty wrote, ''Developments over the past two years were not in congruence with my personal values and ethics'', which led him to step down with immediate effect. He also clarified that there were no other reasons behind his decision.
Reacting to the development, the stocks of HDFC Bank faced one of the biggest hits.
Its share price opened 8.7 per cent down at after the resignation of Chairman A...