04-Nov-2026 08:31:01
EQUITASBNK : APPOINTS BALAJI NUTHALAPADI AS INTERIM CEO
• Board approved Balaji Nuthalapadi, currently Whole-Time Director (Executive Director), as Interim CEO, subject to RBI approval • Appointment follows the resignation of P. N. Vasudevan as Managing Director and CEO • Interim CEO appointment takes effect from the date of RBI approval or such other date as stipulated by the RBI • Board has initiated the process to identify a successor to Vasudevan and will submit its recommendation to the RBI • Balaji was with Citi for 28 years as Managing Director and Head of India Citi Solutions Centers and Head of India Operations and Technology Impact: Neutral (Interim leadership in place pending RBI approval and successor search; bank reiterated seamless transition and strategic priorities unchanged)
Equitas Small Finance Bank Limited
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