RAS question
Who was appointed interim part-time chairman of HDFC Bank after Atanu Chakraborty's resignation?
Correct answer: (B) Keki Mistry.
Keki Mistry was appointed interim part-time chairman of HDFC Bank after Atanu Chakraborty resigned as part-time chairman and independent director.
Explanation
Keki Mistry is the correct answer because HDFC Bank's own March 19, 2026 investor-call transcript identifies him as "Interim Part-Time Chairman" and records him addressing Atanu Chakraborty's resignation as part-time chairman and independent director. In the call, Mistry said the Reserve Bank of India had approved his appointment as interim part-time chairman for three months. Chakraborty's resignation, citing ethical concerns, triggered the interim appointment and was followed by a 5% drop in HDFC Bank shares. The key exam point is the office, not merely the personality: Mistry was not appointed managing director or chief executive, but interim part-time chairman pending the bank's next governance steps.
Why the other options are wrong
- (A) Deepak Parekh was associated with HDFC Ltd as its former chairman, whereas the interim HDFC Bank chairmanship after Chakraborty's resignation went to Keki Mistry.
- (C) Sashidhar Jagdishan was HDFC Bank's CEO and managing director, not the interim part-time chairman.
- (D) Aditya Puri is the former CEO of HDFC Bank, while the interim part-time chairman named after Chakraborty's resignation was Keki Mistry.
Concept
This tests current-affairs awareness within Indian Economy, especially governance changes in systemically important banks. RAS often asks such items because banking leadership, RBI approval and market reaction connect institutions with economic administration.