Equitas Bank loses 28% of market value after founder-MD PN Vasudevan announces plan to step down

Vasudevan’s current term will come to an end in July this year and the board has decided to seek a one-year extension for him—instead of seeking a three-year extension as decided earlier—so that he can guide the bank till a successor comes on board.

from Banking/Finance-Industry-Economic Times https://ift.tt/YB8DPoS