India's largest private bank HDFC's Chairman quit over power struggle with CEO: Report

Atanu Chakraborty quit as Chairman of India's largest private lender, HDFC Bank, over a power struggle with CEO Sasidhar Jagdishan, FT reported. Chakraborty had reportedly opposed Jagdishan's reappointment as CEO, despite most of the board backing Jagdishan. Differences between the duo began during HDFC Financial Services' spin-off, with Jagdishan backing its sale and Chakraborty opposing it.