HDFC Bank governance crisis deepens as stock falls for third day

HDFC Bank shares fell 4.65% on Monday — the third straight session of losses — following the abrupt resignation of part-time chairman Atanu Chakraborty citing ethical differences. The bank has now lost over ₹1.6 lakh crore in market value since the exit. Reports suggest a boardroom battle over management oversight, not just a values mismatch, triggered the departure.