Former bank chairman in a corporate boardroom
Former HDFC Bank Chairman Atanu Chakraborty has clarified that his resignation was a “call of conscience” and not an allegation that necessitated a legal review. Chakraborty stated that he repeatedly sought the terms of reference and legal basis for the external inquiry proposed by the bank following his departure, but received neither.
He described the external inquiry as “superfluous” and an “exercise in futility,” suggesting it was unnecessary for the bank’s internal reflection. Chakraborty’s stance indicates a divergence in perspective regarding the nature and necessity of post-resignation reviews, framing his decision as a personal one aimed at encouraging introspection within the board rather than a response to a specific actionable grievance.
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