Atanu Chakraborty rebuts HDFC MD, flags ‘deeper governance issues’ behind exit

Former HDFC Bank chairman Atanu Chakraborty disputes MD Sashidhar Jagdishan’s claims regarding staff action on high-risk bond sales. Chakraborty asserts his resignation stemmed from a larger governance issue and a lack of alignment on ethics and values, not personality clashes or Jagdishan’s reappointment. He emphasized the need for proactive risk avoidance.