PN Vasudevan resigns as MD and CEO of Equitas Small Finance Financial institution


CHENNAI: P N Vasudevan, MD and CEO of Equitas Small Finance Financial institution Restricted, has resigned. He’s the founding father of the Chennai-headquartered financial institution.
In a notification to the BSE on Thursday, the board stated {that a} search committee can be fashioned shortly to determine the successor. Until then, Vasudevan will proceed because the MD and CEO.
In keeping with the intimation beneath the Regulation 30 Of SEBI (LODR) Rules, 2015, the financial institution stated Vasudevan wished to pursue a definite set of targets, which he believes will assist him contribute additional again to society greater than what he’s doing now. The board in its assembly on Thursday took the letter on file and wished to position on file its deep appreciation of the contribution made by Vasudevan through the years.
The board stated it wishes he could also be related to the financial institution in some other capability, as permissible beneath relevant statute and rules, put up the transition.



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