India’s market regulator Sebi will scrutinize HDFC Bank’s board meeting records. This follows the sudden departure of former chairman Atanu Chakraborty. He cited ethical issues in his resignation. Sebi chairman Tuhin Kanta Pandey stated the regulator will investigate all aspects. Independent directors must act responsibly and provide evidence for their claims.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets