Chair of India’s largest private bank quits over ‘ethical differences’
Central bank calms market saying ‘there are no material concerns’ about the health of HDFC Bank
Central bank calms market saying ‘there are no material concerns’ about the health of HDFC Bank

Atanu Chakraborty quit the bank after a clash of strategy, personality and leadership styles with Sashidhar Jagdishan

Blistering GDP reading raises doubts about RBI cut amid questions about quality of official data

Warning that banks may find it difficult to manage risks comes a day after HSBC disclosed $400mn hit

The bank scoured the globe for candidates only to choose the person already doing the job on an interim basis

Scrapping of international manager programme comes despite need for long-term employees schooled in bank’s culture

Bank’s leadership differs on who has necessary finance experience and Asia knowledge