HDFC Bank hires law firms on chairman exit

HDFC Bank Limited filed an update explaining steps taken after the resignation of its Part-time Chairman and Independent Director, Atanu Chakraborty.

Accepted by SEC EDGAR 03/24/2026 - 07:08 AM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

HDFC Bank Limited filed an update explaining steps taken after the resignation of its Part-time Chairman and Independent Director, Atanu Chakraborty. The bank states that Mr. Chakraborty did not mention any happenings or practices that conflicted with his personal values and ethics.

To reinforce its governance standards, the Board, at a meeting on March 23, 2026, approved appointing external domestic and international law firms to review Mr. Chakraborty’s resignation letter and provide a report within a reasonable period of time.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does HDFC Bank (HDB) announce in this Form 6-K?

HDFC Bank announces that its board approved appointing external domestic and international law firms to review the resignation letter of former Part-time Chairman Atanu Chakraborty, aiming to reinforce the bank’s governance standards and obtain an independent report on the matter.

Why did HDFC Bank (HDB) engage external law firms after the chairman’s resignation?

The bank engaged external law firms to conduct a review of Atanu Chakraborty’s resignation letter. This step is described as proactive and is intended to reinforce HDFC Bank’s robust governance standards through an independent assessment and a report delivered within a reasonable period.

What does HDFC Bank say about Atanu Chakraborty’s reasons for resigning?

HDFC Bank states that Atanu Chakraborty did not mention any happenings or practices that were not in congruence with his personal values and ethics. This clarification is provided in connection with the bank’s earlier intimation about his resignation as Part-time Chairman and Independent Director.

When did HDFC Bank’s board approve the appointment of the external law firms?

The Board of Directors approved the appointment of external law firms at its meeting held on March 23, 2026. These firms, both domestic and international, were instructed to review Atanu Chakraborty’s resignation letter and provide their report within a reasonable period.

What is the scope of the external law firms’ review for HDFC Bank (HDB)?

The external law firms have been appointed to conduct a review regarding Atanu Chakraborty’s resignation letter. They have been advised to provide a report on this specific matter to HDFC Bank within a reasonable period, supporting the bank’s governance framework.

How does HDFC Bank describe its governance approach in this 6-K filing?

HDFC Bank describes the board’s decision to appoint external law firms as a proactive step to reinforce its robust governance standards. By seeking an independent review of the former chairman’s resignation letter, the bank emphasizes its focus on transparency and oversight.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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 24, 2026

	By:	/s/ 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

Appointment of external law firms

Exhibit 99

March 24, 2026

New York Stock Exchange

11, Wall Street,

New York,

NY 10005

USA

Dear Sir,

Sub:         Appointment of external law firms

This is in furtherance to the intimation made by the Bank on March 18, 2026 in relation to the resignation of Mr. Atanu Chakraborty as the Part-time Chairman and Independent Director of the Bank.

We wish to inform you that, Mr. Chakraborty did not mention any happenings and practices which were not in congruence with his personal values and ethics.

To reinforce the robust governance standards of the Bank, the Board of Directors of the Bank at its meeting held on March 23, 2026, took a proactive step and approved the appointment of external law firms (domestic and international), to conduct review regarding Mr. Chakraborty’s resignation letter.  The said law firms have been advised to provide their report on the same within a reasonable period of time.

The above is for your information and appropriate dissemination.

Yours faithfully,

For HDFC Bank Limited

Sd/-

Ajay Agarwal

Company Secretary

Group Head – Secretarial & Group Oversight

Filing Exhibits & Attachments

1 document

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• EX-99 APPOINTMENT OF EXTERNAL LAW FIRMS 3.9 KB