HDFC BANK CONCLUDES LEGAL REVIEW ON ATANU CHAKRABORTY'S RESIGNATION

• The bank appointed external law firms (domestic and international) to review Mr. Chakraborty's resignation letter. • The review, conducted over three months, found that Mr. Chakraborty's statement and its implications were not substantiated by the record and witness interviews. • Witness interviews did not support the statement, and no contemporaneous evidence was identified reflecting concerns about personal values and ethics. • The evidence reviewed was inconsistent with Mr. Chakraborty's statement, and the review did not identify any basis for it. Impact: Neutral

HDFC Bank Limited

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