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The Japanese lender is having trouble coming to an agreement with HDFC Bank over a 20% stake in its consumer lending unit, HDB Financial Services.

Atanu Chakraborty’s resignation does not appear as damaging as the bank’s response to it. The ‘all is well’ narrative needs an independent audit.
While the earnings have been encouraging, the real challenge lies in addressing the slowing deposit growth and leadership uncertainty.
The AT1 bond misselling allegations shine a light on the lack of oversight and may end up costing India’s largest private bank dearly.