Equitas Small Finance Bank shares jump 9% after Balaji Nuthalapadi’s appointment as interim CEO
RBI is in focus in a governance development.
· Economic Times Markets, ET Stocks
The bank further said that appointment of Nuthalapadi as interim CEO, consequent to the resignation of P. N. Vasudevan as the MD & CEO, shall take effect from the date of RBI approval or such other date as may be stipulated by the RBI in this regard.
The analysis
RBI reported movement of 9%. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Why it matters
- Governance events hit the valuation multiple, not just the earnings — and the de-rating is usually faster than the recovery.