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HDFC Bank seeks to steady nerves after Chakraborty exit; Mistry says ethics charge “defies logic”
After Atanu Chakraborty’s sudden exit, interim chairman Keki Mistry told analysts no governance or operational lapses have been flagged; the stock fell due to near-term uncertainty.
Sensex Today Tanks 1,770 Points | Nifty Below 23,250 | HDFC Bank Down 8% - Equitymaster
Sensex Today Tanks 1,770 Points | Nifty Below 23,250 | HDFC Bank Down 8%Equitymaster
D-Street Bloodbath: Nifty Crashes 500 Pts, Sensex Down 2.2%; HDFC Bank Falls 5%; Why Is Stock Market Falling? - Goodreturns
D-Street Bloodbath: Nifty Crashes 500 Pts, Sensex Down 2.2%; HDFC Bank Falls 5%; Why Is Stock Market Falling?Goodreturns
HDFC Bank Exclusive: Atanu Chakraborty exit not linked to bank’s conduct, regulatory concerns, sources say
The real friction stemmed from Atanu Chakraborty's functioning in an "executive style", despite him holding a non-executive role and his exit is linked to personal differences with the senior management, the sources went on to add.
HDFC Bank Chairman Atanu Chakraborty resigns, citing differences with management
"Certain happenings and practices within the bank, that I have observed over the last two years, are not in congruence with my personal Values and Ethics. This is the basis of my aforementioned decision,” Chakraborty stated in his resignation letter.
HDFC Bank shares in focus after part-time chairman quits, ADR falls over 7%
Outgoing HDFC Bank part-time Chairman Atanu Chakraborty also skipped thanking the bank's top management and executive directors, including MD & CEO Sashidar Jagdishan, Deputy MD Kaizad Bharucha, and executive director Bhavesh Zaveri.
HDFC Bank chair quits, cites conflict over 'values and ethics'
HDFC Bank chairman Atanu Chakraborty has resigned from the board. He cited practices within the bank that did not align with his personal values and ethics. Keki Mistry has been appointed interim chairman for three months. Chakraborty's tenure saw the significant merger of HDFC Bank with HDFC. His departure raises investor concerns for the systemically important lender.
HDFC Bank chair quits, cites conflict over 'values and ethics'
HDFC Bank chairman Atanu Chakraborty has resigned from the board. He cited practices within the bank that did not align with his personal values and ethics. Keki Mistry has been appointed interim chairman for three months. Chakraborty's tenure saw the significant merger of HDFC Bank with HDFC. His departure raises investor concerns for the systemically important lender.
Stocks to Watch for March 19: HDFC Bank, Vedanta, UltraTech Cement and more
From UltraTech Cement acquiring 26.18% equity shares of Sunsure Solarpark Seven to Nazara UK signing definitive agreements to acquire a 50% controlling stake in Bluetile Games S.L. and BestPlay Systems S.L., here are some stocks to track ahead of Thursday trading session.
Atanu Chakraborty quits as HDFC's part-time chairman, says bank's practices 'not in congruence with my ethics’
Atanu Chakraborty has resigned as HDFC Bank's part-time chairman and independent director, citing concerns over "certain happenings and practices" not aligning with his personal values and ethics. His departure, effective immediately, follows two years on the board, during which he oversaw the significant merger with HDFC Ltd. Keki Mistry has been appointed interim chairman.
HDFC Bank Part-Time Chairman Atanu Chakraborty Resigns, Cites Ethical Concerns
He clarified that there were "no other material reasons" behind his move.
Electric mobility stocks led by JBM Auto surge up to 14% on strong volumes
JBM Auto's shares are also the third-most traded on the Nifty 500 currently, behind HDFC Bank and Eternal.