Former HDFC Bank chairman Atanu Chakraborty has called into question the need for the lender's external legal review into the circumstances surrounding his resignation, describing the exercise as unnecessary and maintaining that he declined to participate because the bank never shared the scope or legal basis of the investigation.
Speaking after HDFC Bank disclosed that an independent review had found no evidence to substantiate the concerns raised in his March resignation letter, Chakraborty said he had repeatedly sought the terms of reference governing the exercise but did not receive a response, Mint said in an exclusive report.
