What the outlet published · Sentence 4
“Further, as per banking regulations, the MD & CEO of a bank should not be an owner of a NBFC or be related to a promoter of NBFC.”
What this claims, in our words · ES
Según la normativa bancaria, el consejero delegado de un banco no puede ser propietario de una financiera ni pariente de su promotor.
What the other side says
«[T]he applicable proviso (c) to clause (4) to Section 10B of Banking Regulations Act, 1949 provides that the Managing Director of a Bank either by himself or together with his spouse and minor child should not have substantial interest in any other company. Mr. P N Vasudevan, MD & CEO of the Bank is compliant with this provision.»
Equitas Small Finance Bank, exchange filing, 18 August 2026.