New Delhi, March 23 -- If there are concerns, they must be explicitly disclosed and substantiated rather than left to insinuations, Securities and Exchange Board of India (Sebi) chairman Tuhin Kanta Pandey said on Monday, about the high-profile exit at HDFC Bank.

Pandey's comments come after the resignation of HDFC Bank's non-executive chairman and independent director Atanu Chakraborty, who stepped down with immediate effect, citing 'certain happenings and practices' that were not aligned with his personal values and ethics.

"When they say such a thing, it is important to give a reason. Nobody is expected to make any insinuations without proper evidence and recording.as it has an impact," Pandey said at a press conference.

He added th...