Equitas SFB dips 11% on resignation of MD & CEO P N Vasudevan

P N Vasudevan resigned as the managing director and chief executive officer of the Equitas Small Finance Bank for a career in health and education.

Shares of Equitas Small Finance Bank (SFB) dipped 11 per cent to Rs 52.75 on the BSE in Friday’s trade in an otherwise strong market after P N Vasudevan resigned as the managing director and chief executive officer (MD & CEO) of the bank for a career in health and education. He, however, has not set a date for his exit.

At 12:44 pm; the S&P BSE Sensex was up 2.3 per cent at 53,983. Meanwhile, the stock of holding company, Equitas Holdings traded 6 per cent lower at Rs 108.50, after hitting an intra-day low of Rs 103