HDFC Bank crisis: Investors in the dark despite repeated reassurance

“How can a chairman say that he is disturbed but I have not recorded anything, I have not done anything? You are the chairman, you lead the board, you sign the minutes, decide the agenda, chair the board meeting and for two years you say that I have concerns about the management and I did not speak,” said Gupta, a former executive director of India’s market watchdog Securities and Exchange Board of India (Sebi). Gupta said other independent directors should issue a joint statement to clear the fog.