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HDFC Bank CEO, Sashidhar Jagdishan on Thursday said Deputy Managing Director Kaizad Bharucha will take on more responsibilities going forward, in a key management signal that comes days after the sudden resignation of the bank’s part-time chairman.Speaking during a post-results conference call, the CEO indicated that Bharucha’s role would expand as the lender navigates a transition phase at the board level and continues to integrate operations following its merger with HDFC, but did not expand on his responsibilities going forward.HDFC Bank share price tanked 8% on the day to Rs 772 and was last trading 5% lower at Rs 801, as of 10:10 a.m.The comments assume significance after Atanu Chakraborty stepped down as part-time chairman and independent director with immediate effect on March 18, citing concerns over “certain happenings and practices” at the bank that were “not in congruence” with his personal values and ethics.In a regulatory filing earlier on Thursday, the bank reiterated that there were no reasons for Chakraborty’s exit beyond those stated in his resignation letter, seeking to allay speculation around governance issues.Chakraborty, who joined the board in May 2021, had overseen a critical phase that included the merger with HDFC Ltd, creating one of India’s largest financial conglomerates. While acknowledging the milestone, he had noted that the full benefits of the integration are yet to materialise.Following his exit, the Reserve Bank of India approved the appointment of Keki Mistry as interim part-time chairman for a three-month period starting March 19.Market participants are likely to closely track leadership responsibilities and governance signals at the bank, especially in light of Chakraborty’s remarks on internal practices and the broader scrutiny around corporate governance in large financial institutions.The CEO’s indication of a larger role for Bharucha is seen as an attempt to ensure continuity in senior management as the bank steadies operations and addresses investor concerns in the wake of the high-profile boardroom exit.