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In his resignation letter, Atanu Chakraborty flagged concerns over the bank's internal functioning, stating that "certain happenings and practices within the bank" over the past two years were "not in congruence with my personal values and ethics".

Stock Market Today Live: The Indian stock market witnessed heavy fall on Thursday after maintaining three days of consecutive profits. Market remained under pressure in morning trade as Sensex and Nifty fell over 2.1 percent amid persistent global risk-off sentiment, elevated crude oil prices.HDFC Bank faced one of the biggest hits as its share price opened 8.7 per cent down at after the resignation of Chairman Atanu Chakraborty. The development made investors jittery about management stability. The recovered quickly from the opening lows as it was trading 4.23 per cent down around 10 am.The top losers on Nifty in the morning trade were HDFC Bank, Larsen & Toubro, Tata Motors Passenger Vehicles, and Shriram Finance.The management of HDFC Bank has emphasised that its board oversight remains fully operational and unwavering. The CEO of HDFC Bank, Sashidhar Jagdishan said the bank will continue to maintain stakeholder trust and address any issues or omissions as they arise., Business News, Times Now

HDFC Bank share price plunged over 8% to a 52-week low after chairman Atanu Chakraborty resigned citing ethical concerns, triggering investor worries over governance and continued selling pressure., Markets, Times Now

The HDFC Bank stock emerged among the top losers on the benchmark indices, underperforming the broader market amid concerns around governance after Chakraborty stepped down citing issues related to "values and ethics".

U.S.-listed shares of HDFC Bank, India's largest private-sector lender, were down 7% following the news.

U.S.-listed shares of HDFC Bank, India's largest private-sector lender, were down 7% following the news.

HDFC Bank shares dip after chairman's exit and ADR slump. Stay updated on key leadership and governance developments.

Atanu Chakraborty resigns as HDFC Bank chairman, citing ethical concerns over "certain happenings"; Reserve Bank of India clears Keki Mistry as interim replacement., Companies, Times Now

The bank informed the exchanges that Mr. Atanu Chakraborty had stepped down from his role as Part-time Chairman and Independent Director with immediate effect.

Global brokerage JPMorgan has maintained a "neutral" rating on the stock with a price target of Rs 1,090. HDFC Bank stock is already trading near its 52-week low, adding to weak sentiment around the counter.