P. N. Vasudevan resigns as Managing Director and CEO
EQUITASBNK · price
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On October 29, 2026, Equitas Small Finance Bank accepted P. N. Vasudevan's resignation as Managing Director and CEO, effective when his successor takes over. He will remain in charge until then as the board assesses internal and external candidates, subject to RBI approval. He cited personal and social goals and a perceived conflict involving his daughter's co-promoted NBFC. The bank said its long-term plan is unchanged.
The leadership handover may create short-term uncertainty, but the incumbent remains until an RBI-approved successor is appointed.