Company updateMoneycontrol
Equitas Small Finance Bank rules out immediate universal banking licence application amid
Neutral0
GreyOak summary
Equitas Small Finance Bank stated it will not apply for a universal banking licence immediately despite being eligible, citing a leadership transition. Former CEO P N Vasudevan resigned over a conflict of interest involving his daughter's company. The bank is evaluating candidates for the new MD & CEO role and acknowledged a recent cyber incident affecting accounts worth Rs 10 crore.
What it affects
- Equitas Small Finance BankEQUITASBNKNeutral 0
Rules out immediate universal banking licence application.Rolling sentiment Neutral +1
Source
Read the original at MoneycontrolMore Equitas Small Finance Bank news
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