HDFC Bank chairman Atanu Chakraborty resigned abruptly last week due to a reported power struggle with CEO Sashidhar Jagdishan, stemming from strategic disagreements and governance issues. The dispute reportedly intensified over the CEO's reappointment, raising concerns about leadership stability at India's largest private lender. Chakraborty cited "ethical differences" in his resignation letter. In response, HDFC Bank has initiated a legal review into the circumstances of his exit, appointing law firms to examine board proceedings and whistleblower complaints. CEO Sashidhar Jagdishan stated the bank is reviewing past decisions and addressing any gaps, acknowledging the unexpected nature of Chakraborty's departure.