BusinessPhoto: AajTakEquitas SFB CEO Resigns Amid 20% Share Drop
Equitas Small Finance Bank's CEO P.N. Vasudevan resigned, causing the company's shares to fall by up to 35% over two days, dropping from ₹69 to ₹52. Despite the sharp decline, Vasudevan stated there was no conflict of interest related to his daughter's NBFC involvement and confirmed he would not withdraw his resignation. Investors expressed concern over the situation.
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