Politics · India
HDFC Bank CEO addresses former chairman's exit, governance review
HDFC Bank CEO Sashidhar Jagdishan described the exit of former chairman Atanu Chakraborty as a "challenging event" that raised governance questions. An independent probe by Indian and US law firms found no basis for Chakraborty's allegations regarding internal bank practices. The bank's annual letter to shareholders also noted a drop of over 3,300 employees due to automation. In separate reporting, the CEO's and a Deputy MD's pay hikes for FY26 were detailed, with the Deputy MD receiving a ₹17.14 crore package.
How outlets across the spectrum covered it
Left 0 · Centre 4 · Right 2 n = 6
- Centre (4 votes, 5 outlets): Business Standard, Deccan Herald, Hindustan (Hindi) · Mint (HT Media — 1 vote), The Free Press Journal
- Right (2): Dainik Jagran, The Pioneer
- International (1): Bloomberg