India's HDFC Bank chair resigned after power struggle with CEO - reports
HDFC Bank's former chairman Atanu Chakraborty resigned following a board-backed power struggle with CEO Sashidhar Jagdishan over the extension of his tenure, the Financial Times reported.
March 27, 2026
REUTERS
FILE PHOTO: A man looks out of a window next to the signboard of HDFC Bank's automated teller machine (ATM) in New Delhi, India, May 5, 2023.
Anushree Fadnavis/File Photo/Reuters
The resignation of HDFC Bank's former chairman, Atanu Chakraborty, last week reportedly stemmed from a power struggle with Chief Executive Sashidhar Jagdishan, the Financial Times said on Friday, citing sources.
Chakraborty had opposed extending Jagdishan's tenure, but a majority of the bank's board supported it, according to the report.
Reuters could not immediately verify the report.
-Reporting by Mrinmay Dey in Mexico City; Editing by Sumana Nandy/Reuters
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