The Bombay High Court has quashed a Rs 2-crore bribery First Information Report (FIR) filed by the Lilavati Trust against HDFC Bank CEO Sashidhar Jagdishan.

Former HDFC Bank chairman Atanu Chakraborty has disputed MD Sashidhar Jagdishan's claims regarding staff action on high-risk bond sales, asserting his resignation stemmed from 'deeper governance issues' and a lack of alignment on ethics and values.

India's Securities and Exchange Board (SEBI) has initiated a review of the resignation of Atanu Chakraborty, the former Chairman of HDFC Bank, who reportedly quit due to a power struggle and clash of styles with CEO Sashidhar Jagdishan.