Equitas SFB CEO resigns amid investor concerns over conflict of interest

New Delhi, Oct 30 (UNI) Equitas Small Finance Bank Managing Director and Chief Executive Officer P N Vasudevan has resigned, citing persistent investor concerns over a perceived conflict of interest linked to his daughter's association with a non-banking financial company (NBFC). The resignation comes barely three months after the bank's board extended his tenure until July 2029. The development triggered a sharp sell-off in the lender's shares. Equitas SFB stock plunged 20 per cent during intra-day trading to hit its lower circuit before recovering partially to close 12 per cent lower at Rs 56.99 on the BSE. In his resignation…