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Equitas Small Finance Bank shares fall as CEO Vasudevan resigns

Original: equitas small finance bank share price

Equitas Small Finance Bank's stock dropped 20% after MD and CEO P N Vasudevan announced his resignation, citing a perception of conflict of interest. The announcement came alongside the bank's Q2 results, which showed a net profit of ₹220 crore. Investors reacted sharply to the leadership change despite the strong quarterly earnings.

Why now: The sudden resignation of the CEO and the resulting 20% share price fall have put the stock in focus for Indian investors.

Equitas Small Finance BankP N Vasudevan

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Rank over time, top of the chart is #1. 3 snapshots from 1 d ago to 1 d ago.

Evidence

• Equitas SFB MD & CEO P N Vasudevan resigns citing perception of conflict of interest, stock down 20% · BusinessLine
• Equitas Small Finance Bank Reports Q2 Net Profit of ₹220 Crore as CEO Vasudevan Plans Step Down · Sahi

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