Equitas Small Finance Bank543243Banking
Equitas Small Finance Bank CEO PN Vasudevan confirmed his resignation is final over a perceived conflict of interest involving his daughter's NBFC, sending the stock down sharply over two sessions
By ScoutQuest · · 1 min read
- Stock decline over two sessions
- 24 percent
- Market cap erosion
- 2,000 crore rupees
- Market capitalization
- 6,000 crore rupees
- ROE guidance
- 1.3 percent
- Price to book
- 0.8 times
Heard on business television between 14:41:36 - 14:44:36 IST.
- CEO PN Vasudevan ruled out reversing his resignation, saying the decision is final and leadership transition will happen over the next few months
- He cited a perceived conflict of interest involving his daughter, co-promoter of Unico Housing Finance, a Chennai-based NBFC, though he maintained there was no actual conflict beyond one repaid short-term deposit made 2.5 years ago
- He said the perception has weighed on the bank's stock for 2-3 years in investor conversations, prompting his resignation to remove the overhang
- The board has asked the NRC to identify a successor, considering both internal and external candidates; he will stay until transition completes
- He ruled out any stake dilution plans and denied any kitchen-sinking or asset quality concerns
- Stock lost nearly 24-28% over two trading sessions, with market cap falling below 6,000 crore rupees and ROE guidance around 1.3% at about 0.8 times price to book
- RBI was reported to be in the loop but the decision was described as entirely Vasudevan's own
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Also from Equitas Small Finance Bank
Investor conference on November 05, 2026: group and one-to-one meetings
30 Oct 2026
Equitas SFB stock crashed around 25-30% after CEO and MD Mr. Vasudevan resigned citing conflict of interest, wiping out about 2000 crore rupees in market cap
30 Oct 2026
Ashish Chaturmedi of JM Financial said Equitas' operational parameters remain strong despite the leadership overhang and suggested buying in a staggered manner
30 Oct 2026
Source: Live TV News Channel · 30 Oct 2026
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