Equitas SFB shares plunge after MD & CEO resigns amid conflict-of-interest concerns

Equitas Small Finance Bank shares fell sharply on October 29 after its MD & CEO resigned over a reported conflict of interest. Reports vary, citing drops of 11% to 25% from the day's highs.

Timeline

1. 29 Oct, 10:00 UTCShares crash 11% after CEO resignation
2. 29 Oct, 10:00 UTCMD & CEO P N Vasudevan resigns
3. 29 Oct, 10:00 UTCCNBC TV18 explains 25% plunge from highs

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