Equitas Small Finance Bank CEO Resigns Amid Perceived Conflict of Interest
Corporate Governance & Reputational RiskEquitas Small Finance Bank MD and CEO P N Vasudevan announced his resignation after persistent investor concerns over a perceived conflict of interest involving his daughter’s NBFC.
20%
Maximum intraday share-price decline reported
Vasudevan said the relationship was disclosed and denied any actual conflict. The bank requested that he continue until a successor takes over.
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