Equitas SFB Shares Crash to 20% Lower Circuit as Founder-CEO P N Vasudevan Resigns Amid Record Quarterly Profit
Equitas Small Finance Bank shares hit the 20% lower circuit after founder P N Vasudevan resigned as MD and CEO, triggering a 25% intraday crash despite record Q2 quarterly profit
Key points
- Equitas SFB hits 20% lower circuit as founder-CEO P N Vasudevan resigns; record Q2 profit overshadowed by succession uncertainty
- Universal banking license application creates regulatory risk overhang on top of pure leadership transition concerns
- Watch CEO succession announcement and RBI stance on SFB-to-universal bank conversion for re-rating thesis
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