Chakraborty resigned citing HDFC concerns while criticizing private bank succession issues versus SBI performance.

The entities involved

• Atanu Chakraborty →

  Indian Administrative Service officer

  Nothing else this week.

• Sashidhar Jagdishan →

  CEO of HDFC Bank

  • The Reserve Bank of India requires approval for the appointment of Sashidhar Jagdishan as the new CEO of HDFC Bank, succeeding Aditya Puri.Sun 19:09
• State Bank of India →

  Indian public sector bank and financial services organization

  • Morgan Stanley, Bank of Baroda, and State Bank of India are selling shares in the NSE public offering.Mon 16:42
  • Government directs public sector banks to remain open, and RBI grants approval for full operational status.Mon 00:37

Related events

• Sashidhar Jagdishan is retiring from the bank's services while the board manages the succession planning.Aug 29
• ICICI Bank faced issues related to Dubai operations, leading to Atanu Chakraborty's resignation and Sashidhar Jagdishan succeeding Aditya Puri.Aug 31
• The Reserve Bank of India is assessing the suitability of a financial institution, leading to a leadership transition where Aditya Puri passed the baton to Sashidhar Jagdishan, following a legal review.Jun 28
• HDFC Bank is facing governance risks and deposit issues as Sashidhar Jagdishan leads the bank through a leadership transition.Aug 31
• A leadership vacuum has been reported at a major financial institution involving Atanu Chakraborty and Sashidhar Jagdishan.Aug 30