2 min readMumbaiJul 12, 2026 04:48 AM ISTAtanu Chakraborty’s resignation had triggered speculation around the bank’s governance standards. Photo: (Express Archive)HDFC Bank’s part-time Chairman Keki Mistry has mounted a full-scale defence of its corporate governance after the dramatic exit of former Chairman Atanu Chakraborty triggered speculation on the bank’s governance standards.Mistry assured shareholders that the bank remains committed to the “highest standards of transparency, accountability and oversight”, saying any matter warranting review or attention “will continue to receive careful consideration through established processes” and in the long-term interests of shareholders and other stakeholders.“In my capacity as the interim Part-time Chairman of HDFC Bank, I, together with the board of the bank, would like to assure you that the bank remains strongly rooted in strong corporate governance principles and values,” Mistry said in the bank’s annual Report. He said resignation of Chakraborty as the Part-time Chairman of the bank on March 18, 2026 “led to speculation on the bank’s governance standards”.After Chakraborty’s exit, the bank acted swiftly to announce the appointment of an interim Part-time Chairman on March 18 with the approval of the Reserve Bank of India, he said.On June 26, HDFC Bank said external law firms, which conducted a “thorough and objective review” of its former Chairman Chakraborty’s statement about “certain practices and happenings” in the bank, reported that Chakraborty’s statement and its implications were “not substantiated”.© The Indian Express Pvt LtdGeorge Mathew is an Associate Editor with The Indian Express, based in Mumbai. A veteran of financial journalism with nearly three decades of experience, he is one of the country’s most authoritative voices on banking, regulation, and the corporate sector. Expertise & Focus Areas Mathew’s reporting covers the nerve center of India’s economy. His specialized beats include: The Reserve Bank of India (RBI): He has tracked the central bank's policy evolution through the tenures of multiple Governors, offering deep insights into monetary policy, repo rates, and banking regulation. Banking & Insurance: Extensive coverage of public and private sector banks, non-performing assets (NPAs), and key legislative reforms like the Insurance Amendment Bills. Corporate Affairs: Mathew frequently breaks major stories related to India's largest conglomerates, with a specific focus on the Tata Group, documenting boardroom shifts and strategic decisions. Financial Markets: Reporting on the complexities of Foreign Portfolio Investors (FPIs), IPOs, and currency fluctuations. Authoritativeness & Insight With a career dating back to the late 1990s, Mathew possesses a rare institutional memory of India’s financial liberalization and market crises. His work is not limited to daily news; he frequently contributes to the "Explained" section, where he decodes complex financial legislations and market trends for a broader audience. His rigorous reporting has also been featured in scholarly platforms like the Economic and Political Weekly (EPW). Find all stories by George Mathew here ... Read More Tags:HDFC BankAdvertisementLoading Recommendations...AdvertisementLive BlogArgentina vs Switzerland LIVE, FIFA World Cup 2026: Messi’s ARG eye semifinal spot vs SUI3 minutes agoUS-Iran War Live Updates: Araqchi says Iran, Oman discuss mechanisms for safe passage of ships through Hormuz22 minutes agoS Janaki (1938-2026): Vijay, Rajinikanth, Chiranjeevi and others pay tribute to legendary singer47 minutes agoIndia news Live Updates 11 July 2026 | Pune building collapse: Seven bodies recovered after 72 hours, one still missing6 hours agoVietnam boat capsize updates: Embassy confirms death of 15 Indians — 10 from Tamil Nadu, 3 from Andhra, 2 from Kerala6 hours ago