ZisNews - Breaking News & Updates

IN a call to opt personal moral philosophy, Atanu Chakraborty's surrender from HDFC cant Ltd has caused major panic on Dalal Street on Thursday. The former part-time chairman stated he would be stepping down with immediate effect due to a breakdown in the alignment between internal practices within the bank and personal ethics.In an interview with NDTV Profit, the former IAS officer added that his "ideologies did not match with the organisation, and hence it was time to part ways."Following Chakraborty's immediate resignation, the Reserve Bank of India named HDFC's CEO Keki Mistry as the interim chairman. Mistry has assured governance stability and business continuity as HDFC sees one of its worst days since the Covid-19 pandemic.Also Read | Atanu Chakraborty resigns as HDFC Bank's part-time chairman citing ‘ethical concerns’Who is Atanu Chakraborty?Atanu Chakraborty is a retired IAS officer of the Gujarat cadre. He became a bureaucrat in the 1985 batch.Chakraborty holds a B.Tech. Degree in Electronics and Communication Engineering from the National Institute of Technology, Kurukshetra. After his B.Tech, he completed a post-graduate diploma in business finance from ICFAI, Hyderabad and later an MBA from the University of Hull in the UK.During his tenure as an IAS officer, Chakraborty served as the Additional Chief Secretary of Industries and as Principal Secretary of the Finance Department in the state government of Gujarat.The former bureaucrat went on to hold many top positions such as -Chief executive of GSPC Group of companies, Gujarat State Fertilizers & Chemicals Limited (GSFC), GSFS Limited,Vice Chairman & CEO of Gujarat Maritime Board.CEO of Gujarat Alkalis and Chemicals Ltd (GACL)CEO of Gujarat Infrastructure Development Board.Chairperson of National Infrastructure and Investment Fund (NIIF).Chakraborty has also served as a Secretary, DIPAM, and Secretary, Department of Economic Affairs, with the Union Ministry of Finance.Furthermore, the retired IAS officer has also served as India’s alternate Governor on the Board of the World Bank. He has also served as a member of the central board of directors of the RBI.From 2019 to 2020, Chakraborty retired from his post as Economic Affairs Secretary for the Ministry of Finance. In 2021, his appointment was approved RBI as the Chairman of HDFC Banks.

Global News Perspectives

In today's interconnected world, staying informed about global events is more important than ever. ZisNews provides news coverage from multiple countries, allowing you to compare how different regions report on the same stories. This unique approach helps you gain a broader and more balanced understanding of international affairs. Whether it's politics, business, technology, or cultural trends, ZisNews ensures that you get a well-rounded perspective rather than a one-sided view. Expand your knowledge and see how global narratives unfold from different angles.

Customizable News Feed

At ZisNews, we understand that not every news story interests everyone. That's why we offer a customizable news feed, allowing you to control what you see. By adding keywords, you can filter out unwanted news, blocking articles that contain specific words in their titles or descriptions. This feature enables you to create a personalized experience where you only receive content that aligns with your interests. Register today to take full advantage of this functionality and enjoy a distraction-free news feed.

Like or Comment on News

Stay engaged with the news by interacting with stories that matter to you. Like or dislike articles based on your opinion, and share your thoughts in the comments section. Join discussions, see what others are saying, and be a part of an informed community that values meaningful conversations.

Download the Android App

For a seamless news experience, download the ZisNews Android app. Get instant notifications based on your selected categories and stay updated on breaking news. The app also allows you to block unwanted news, ensuring that you only receive content that aligns with your preferences. Stay connected anytime, anywhere.

Diverse News Categories

With ZisNews, you can explore a wide range of topics, ensuring that you never miss important developments. From Technology and Science to Sports, Politics, and Entertainment, we bring you the latest updates from the world's most trusted sources. Whether you are interested in groundbreaking scientific discoveries, tech innovations, or major sports events, our platform keeps you updated in real-time. Our carefully curated news selection helps you stay ahead, providing accurate and relevant stories tailored to diverse interests.

Who is Atanu Chakraborty? Retired IAS officer's resignation as HDFC chief sends shockwaves through Dalal Street

Global News Perspectives

Customizable News Feed

Like or Comment on News

Download the Android App

Diverse News Categories

Category News

Country News