Economy
Equitas Small Finance Bank shares plunge 12% despite strong Q2 results
Livemint1h
THE BRIEF
1
Shares of Equitas Small Finance Bank crashed nearly 12% during Friday's intraday trading session, extending losses for the second consecutive session.
2
The bank reported a multifold increase in Q2 net profit to ₹218.03 crore against ₹24.13 crore in the year-ago period.
3
The sudden sell-off was triggered by long-time CEO PN Vasudevan's resignation amid conflict of interest concerns regarding his daughter's firm.