Equitas Small Finance Bank, the second-largest small finance bank (SFB) in India, has appointed Mr. Balaji Nuthalapadi as Executive Director – Technology and Operations, effective from 29th March 2025. The appointment, which has been approved by the Reserve Bank of India (RBI) and the bank’s Board of Directors, highlights the bank's ongoing efforts to enhance digital transformation, improve operational efficiency, and deliver technology-driven customer solutions.
Commenting on the appointment, Mr. Vasudevan P N, MD & CEO of Equitas Small Finance Bank, said, “We are delighted to welcome Mr. Balaji Nuthalapadi to our leadership team. His vast experience in banking operations, technology and digital transformation will be a valuable asset as we continue to enhance our operational efficiency and drive innovation. His passion for digital banking, financial inclusion and social impact aligns seamlessly with the values and mission of Equitas Small Finance Bank.”
Before joining Equitas Small Finance Bank, Mr. Nuthalapadi served as Managing Director & Head of Centralised Controls Testing Execution at Citi Bank, where he led a 1,100-member team in India, overseeing global controls testing – one of the largest such teams in the banking industry. Previously, as Managing Director and Head of Operations and Technology for Citi South Asia, he oversaw operations and technology functions across India and Southeast Asia, playing a crucial role in expanding Citi's global hubs in India. An alumnus of the Indian Institute of Management, Ahmedabad, he has a strong background in operations, technology, and wealth management, alongside a proven track record of strategic leadership and digital innovation.
The bank is eager to leverage his expertise to accelerate its growth in the digital banking sector.
