Equitas SFB MD & CEO P N Vasudevan announces decision to leave bank

The executive who founded the lender will continue in his post till a successor is found.

"Once we get approval from Sebi on the proposed structure, we shall proceed to the NCLT for implementing the scheme of arrangement" P N Vasudevan MD, Equitas SFB
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P N Vasudevan MD, Equitas SFB

BS Reporter Mumbai
P N Vasudevan, managing director and chief executive officer of Equitas Small Finance Bank (Equitas), is leaving the lender for a career in health and education. He has not set a date for his exit.

Vasudevan said he would continue in his post till the succession and transition process is completed. The bank would form a search committee soon to identify his successor.  

Vasudevan is founder of Equitas, which started off in 2007 as a Micro Finance Institution (MFI). The institution was later converted into a bank in 2016. His family has established trust to carry out work in the

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First Published: May 19 2022 | 9:13 PM IST

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