Equitas SFB Board Approves Capital Raise & MD/CEO Re-appointment

Equitas Small Finance Bank's Board of Directors met on June 24, 2026, approving key proposals for future growth and leadership. The board greenlit enabling resolutions to raise capital up to ₹500 Crores via Non-Convertible Debt Securities and up to ₹1,250 Crores through Qualified Institutions Placement (QIP). These proposals will be presented to shareholders at the upcoming Annual General Meeting (AGM). Additionally, the board approved the re-appointment of Mr. Vasudevan P N as Managing Director & CEO for three years from July 23, 2026, and Mrs. Geeta Dutta Goel as an Independent Director for a second three-year term from December 27, 2026. The bank also announced the appointment of Mr. Mukund Shyamrao Barsagade as the new Chief Financial Officer, effective July 1, 2026, succeeding Mr. N Sridharan.