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[6-K] HDFC BANK LTD Current Report (Foreign Issuer)

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

HDFC Bank Limited has filed a Form 6-K confirming the resignation of its Part-time Chairman and Independent Director, Atanu Chakraborty, from the bank’s board. The bank clarifies that his resignation letter, dated March 17, 2026, was received on March 18, 2026 at 15:17 IST.

In his letter, Chakraborty states that certain happenings and practices he observed over the last two years are not in congruence with his personal values and ethics, and that this is the basis of his decision. He adds that there are no other material reasons for his resignation and expresses appreciation for the board, management, and staff.

Positive

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Negative

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Insights

Resignation of HDFC Bank’s part-time chairman on values grounds is a notable governance event.

The filing confirms that Atanu Chakraborty, Part-time Chairman and Independent Director, has resigned from HDFC Bank’s board, with effect from the date of the board’s consideration. The bank also clarifies the exact timing of receipt of his resignation letter on March 18, 2026 at 15:17 IST.

In his letter, Chakraborty cites that certain happenings and practices within the bank over the last two years are not in congruence with his personal values and ethics, and identifies this as the basis of his decision, while stating there are no other material reasons. This framing makes the departure more significant than a routine term completion.

For investors, the immediate takeaway is a change in the independent oversight profile at the board level, following a period that included the merger of the bank with HDFC Ltd. Future disclosures in company communications or subsequent filings may offer more context on board composition and governance adjustments after this resignation.




UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Form 6-K

Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 under the
Securities Exchange Act of 1934

For the month of March 2026
Commission File Number 001-15216

HDFC BANK LIMITED
(Translation of registrant’s name into English)

HDFC Bank House, Senapati Bapat Marg,
Lower Parel, Mumbai. 400 013, India
(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F   ☒     Form 40-F   ☐





SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 
HDFC BANK LIMITED
 
(Registrant)

Date: March 19, 2026
 
By:
Ajay Agarwal
 
Name:
Ajay Agarwal
 
Title:
Company Secretary
Group Head – Secretarial & Group Oversight




EXHIBIT INDEX

The following documents (bearing the exhibit number listed below) are furnished herewith and are made a part of this report pursuant to the General Instructions for Form 6-K.


Exhibit No. 99

Description
Continuation to the intimation made in relation to resignation of Mr. Atanu Chakraborty as a Part-time Chairman and Independent Director of HDFC Bank Limited

Exhibit 99

March 19, 2026

New York Stock Exchange
11, Wall Street,
New York,
NY 10005
USA

Dear Sir,


Sub:
Continuation to the intimation made in relation to resignation of Mr. Atanu Chakraborty as a Part-time Chairman and Independent Director of HDFC Bank Limited (“the Bank”)

In furtherance to the intimation made by the Bank on March 18, 2026 in relation to the captioned matter, we wish to confirm that whilst the resignation letter of Mr. Atanu Chakraborty (annexed to the said intimation) was dated March 17, 2026, the same was received by the Bank on March 18, 2026 at 15.17 hours (IST).

The above clarification is for your information and appropriate dissemination.


Yours faithfully,
For HDFC Bank Limited

Sd/-

Ajay Agarwal
Company Secretary
Group Head – Secretarial & Group Oversight


To The Chairman Governance, Nomination, Remuneration Committee HDFC Bank Subject: Resignation from the position of Part- Time Chairman & Independent Director of the Bank Dear Dr. Bhanwala Ji, I hereby tender my resignation from as Part- time Chairman and Independent Director on the Board of HDFC Bank, with effect from its Date of its consideration by Board of HDFC Bank. I joined the Board of HDFC Bank in May 2021. My tenure on the Board saw momentous events like merger of the bank with HDFC Ltd that created a conglomerate under the Bank. This strategic initiative made HDFC Bank the second largest Bank in the country. Though, the benefits of merger are yet to fully fructify. Certain happenings and practices within the bank, that I have observed over last two years, are not in congruence with my personal Values and Ethics. This is the basis of my aforementioned decision. I confirm that there are no other material reasons for my resignation other than those stated above. I would like to express my sincere appreciation to the Board and senior management for their cooperation and support during my tenure. I express my gratitude to all the Independent Directors and Non-Executive Directors, who spared their valuable time and shouldered onerous responsibilities on the Board and its Committees. It has been a privilege to contribute to the growth and governance of the Bank. I observed great amount of energy and verve in the middle & junior levels of the organization, that should form the core of a reimaged organization. I also place on record my sincere appreciation for Secretarial, Compliance, Audit and Group oversight functions. Kindly instruct Company Secretary to take this letter on record and arrange to file the necessary intimations with the Registrar of Companies and other regulatory authorities as required under applicable law. I wish the Bank continued success in all its future endeavors. I remain, Part-time Chairman & Independent Director, HDFC Bank DIN: 01469375 Date 17/03/2026 Yours sincerely,

Filing Exhibits & Attachments

1 document
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