The Economic Times

Equitas Small Finance Bank chief PN Vasudevan plans exit over perceived conflict involving daughter's NBFC

PN Vasudevan's recent announcement of his resignation as managing director of Equitas Small Finance Bank highlights pressing concerns over a conflict of interest involving his daughter's NBFC. Following the news, the bank's shares experienced a drastic dip yet managed a partial recovery before settling lower. This comes on the heels of the bank's impressive Q2 net profit growth, showcasing its strong operational health.