The Reserve Bank of India has given its approval for the re-appointment of P N Vasudevan as MD & CEO of Equitas Small Finance Bank.
Vasudevan has been re-apponted for a period of three years w.e.f. July 23, 2023, the bank said in a BSE filing.
Vasudevan’s current term as MD & CEO expires on July 22, 2023. He had announced his intention to step down in May this year to devote his time towards social welfare through his public charitable trust.
Vasudevan is the founder of Equitas and has been associated with its journey as a microfinance institution dating back to 2007. The entity was converted into a bank, under his leadership, in 2016.
