PN Vasudevan to Step Down as Equitas Small Finance Bank CEO
PN Vasudevan, longtime managing director and CEO of Equitas Small Finance Bank, announced his resignation citing personal and social initiatives. His departure followed concerns over a perceived conflict of interest involving his daughter’s NBFC, which has affected the bank’s stock performance. Vasudevan clarified there was no actual conflict, as no transactions occurred between the bank and the NBFC, but the perception persisted among investors.
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