New Delhi, Oct. 30 -- Shares of Equitas Small Finance Bank crashed nearly 12% during Friday's intraday trading session, extending their losses for the second consecutive session. The sharp sell-off came despite the bank reporting a strong set of Q2 results for the second quarter of FY27.

The Chennai-headquartered small finance bank reported a multifold increase in its net profit to Rs.218.03 crore in the second quarter of FY27 against Rs.24.13 crore reported in the year ago period.

However, Equitas SFB's long-time CEO PN Vasudevan announced his resignation amid conflict of interest concerns. As the stock crashes 12%, is it the best time for investor to purchase the stock?

The second consecutive day of crash in the small finance bank st...