Equitas Small Finance Bank stock falls 12% after CEO exit
In short
Equitas Small Finance Bank shares fell nearly 12% for a second day, even though quarterly net profit rose to ₹218.03 crore. Investors were reacting to CEO PN Vasudevan’s resignation over conflict-of-interest concerns.
This matters because the stock drop came despite better profit numbers. The reporting does not say who will replace the CEO or how long the concern may last.
What the reporting says
Equitas Small Finance Bank shares fell nearly 12% for a second day even as quarterly net profit rose to ₹218.03 crore. Investors reacted to CEO PN Vasudevan’s resignation amid conflict-of-interest concerns, but the source does not explain the full conflict details or whether the bank has named a replacement. The move hurt the stock despite the strong quarterly profit figure.
Why it matters
Equitas Small Finance Bank shares dropped nearly 12% for a second straight day after CEO PN Vasudevan resigned amid conflict-of-interest concerns, even as quarterly net profit rose to ₹218.03 crore. The market reaction shows governance concerns outweighed the profit update. The source does not provide the resignation date, the conflict specifics, or any management succession plan.