HDFC Bank Extends Keki Mistry's Tenure Amid Leadership Changes

HDFC Bank has announced a three-month extension for Keki Mistry as interim non-executive chairman, following Atanu Chakraborty's resignation due to ethical concerns. This decision aims to provide stability as the bank navigates leadership challenges. Mistry's continued role is crucial for maintaining investor confidence while the search for a permanent chairman is underway. Chakraborty, who played a significant role in the bank's recent merger with HDFC Ltd., cited misalignments with his personal values as the reason for his departure. The RBI has approved Mistry's extension, ensuring continuity at the top of India's largest private lender.

By Narendra Chaudhary Jun 18, 2026, 19:35 IST

Leadership Update at HDFC Bank

HDFC Bank has announced the extension of Keki Mistry's role as interim non-executive chairman for an additional three months, as disclosed in a recent stock exchange announcement. This extension has received approval from the Reserve Bank of India (RBI) and comes just a day before Mistry's initial three-month term was scheduled to end on June 19.

In a related development, Atanu Chakraborty has stepped down from his position as part-time chairman and independent director of HDFC Bank. He cited concerns regarding certain practices within the bank that he felt did not align with his personal ethics and values, according to a report from a financial news outlet. In his resignation letter dated March 15, Chakraborty expressed that the events he witnessed over the past two years were inconsistent with his principles, prompting his immediate resignation. He emphasized that there were no other factors influencing his decision.

Mistry's continued leadership offers a temporary resolution to the ongoing uncertainty surrounding HDFC Bank's leadership, which has been a concern since March. This extension is crucial for investors and depositors, ensuring stability at the helm of India's largest private bank while the board actively seeks a permanent non-executive chairman. Chakraborty, who joined the board in May 2021, played a significant role during a pivotal time for the bank, including its merger with HDFC Ltd., which established a major financial entity and positioned HDFC Bank as the second-largest lender in India. However, Chakraborty noted that the full advantages of this merger have yet to be realized.

Following Chakraborty's resignation, the RBI sanctioned Keki Mistry's appointment as interim part-time chairman for a three-month period commencing March 19, 2026.