StocksMedium•29 October 2026•
1 min read
Equitas Small Finance Bank Shares Plunge 20% on Founding CEO Resignation
Key Facts
1Equitas Small Finance Bank shares plunged 20% following the resignation of MD and CEO P N Vasudevan.
2Vasudevan will continue in his role until a successor is appointed, as the search for internal and external candidates begins.
Equitas Small Finance Bank shares plunged 20% following the resignation of MD and CEO P N Vasudevan. Financial Express reported that Vasudevan, who founded the institution in 2007, is stepping down to pursue social initiatives.
Vasudevan will continue in his current role until a successor is appointed to ensure a smooth leadership transition. The bank's nomination committee has commenced a search for both internal and external candidates to replace the long-term leader.