He resigned over a conflict of interest. The interest was hers.
Equitas SFB shares crash 20% as CEO Vasudevan quits over ‘conflict’ involving daughter’s NBFC
Equitas Small Finance Bank's stock plummeted 20% after CEO P.N. Vasudevan resigned, citing a conflict of interest involving his daughter's non-banking financial company. The board accepted his resignation, and the bank's shares fell sharply on the news. The incident has raised concerns about governance at the Chennai-based lender.
Source: Equitas SFB shares crash 20% as CEO Vasudevan quits over ‘conflict’ involving daughter’s NBFC — Fortune India
A daily AI-made news meme from Jester · Oct 29, 2026.
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