RBI enforces banking regulations on Equitas Small Finance Bank, which is under investigation regarding its relationship with Unico Housing Finance. Vasudevan serves as the bank's MD & CEO.
5 reports, 5 independent
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What happened
RBI enforces banking regulations on Equitas Small Finance Bank, which is under investigation regarding its relationship with Unico Housing Finance. Vasudevan serves as the bank's MD & CEO.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.The bank disclosed a conflict/arrangement to the RBI regarding its operations.1 source
RBI inquiry into Equitas Small Finance Bank led to the resignation of MD & CEO Vasudevan.1 source
Vasudevan resigned from Equitas Small Finance Bank due to conflict of interest concerns.1 source
Vasudevan remains in charge of the bank, and RBI grants a license to his daughter's company.1 source
RBI takes action against Equitas Small Finance Bank, investigating its ties to Unico Housing Finance.1 source
Keep exploring
The entities involved
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Equitas Small Finance Bank
small finance bank
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Reserve Bank of India
central bank of India
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