HDFC Bank Share Price Today: Shares of HDFC Bank remained under pressure on Friday (March 20) on the back of the sudden resignation by chairman Atanu Chakraborty. HDFC Bank shares opened lower at Rs 785 and hit an intraday low of Rs 778.20. At close, HDFC Bank shares were down 2.15 per cent at Rs 781.

Post Atanu's resignation, HDFC Bank shares lose over 5 per cent to settle at Rs 798.20 on Thursday. In the past two trading sessions, HDFC Bank shares have declined as much as 8 per cent.

Atanu Chakraborty had resigned on Wednesday abruptly, citing differences over 'values and ethics' -- a ground that the management of the country's second-largest lender said was baffling.

The former bureaucrat offered no specific instance despite repeated requests.

Keki Mistry, a veteran of the HDFC Bank Group, who was appointed the interim chairman, following the resignation, said there may have been "relationship issues" between Chakraborty and the executive leadership, but found no "substantive" concerns behind the departure.

Mistry emphasised that the bank's operations and governance remain stable.

This is the first time that a part-time chairman of HDFC Bank left mid-way, raising concerns over the lender's functioning.

"Certain happenings and practices within the bank, that I have observed over the last two years, are not in congruence with my personal values and ethics. This is the basis of my aforementioned decision," he said in his resignation letter dated March 17.

In a letter addressed to the Chairman of Governance, Nomination, Remuneration Committee (NRC) H K Bhanwala, Chakraborty said, "There are no other material reasons for my resignation other than those stated above".