P.N. Vasudevan
| Photo Credit: BIJOY GHOSH
The Reserve Bank of India (RBI) on Friday gave its nod for the re-appointment of P. N. Vasudevan as Managing Director and Chief Executive Officer of non-public sector Equitas Small Finance Bank The tenure of his appointment could be for a interval of three years with impact from July 23.
In a BSE submitting, Equitas Small Finance Bank stated, “..we would like to inform that Reserve Bank of India vide its letter…. dated June 15, 2023, has given its approval for re-appointment of Vasudevan P N, Managing Director and Chief Executive Officer of the Bank for a period of three years with effect from July 23, 2023.”
Mr. Vasudevan had expressed his need to maneuver on from his position for a profession in well being and schooling. However, in December 2022 he withdrew his determination.
Equitas Small Finance Bank reported a internet revenue of ₹190.03 crore for the quarter ending March 31, 2023. The financial institution had registered a internet revenue of ₹119.50 crore through the corresponding quarter of the earlier 12 months.
For the 12 months ending March 31, 2023, the financial institution had registered a internet revenue of ₹573.59 crore from ₹280.73 crore registered in the identical interval of the earlier fiscal.
