Equitas Small Finance Bank Strengthens Leadership with Balaji Nuthalapadi

Equitas Small Finance Bank, the second largest SFB in India, is pleased to announce the appointment of Mr. Balaji Nuthalapadi as its Executive Director – Technology and Operations, effective March 29, 2025. His appointment, approved by the Reserve Bank of India (RBI) and the Board of Directors, underscores the Bank’s commitment to advancing the bank’s digital transformation initiatives, enhancing operational efficiency and driving tech-led 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.”

Prior to joining Equitas Small Finance Bank, Mr. Nuthalapadi served as Managing Director & Head of Centralized Controls Testing Execution at Citi Bank, where he was instrumental in building a 1,100-member team in India to oversee global controls testing—one of the largest such teams in the banking industry. In his previous role 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 pivotal role in scaling up Citi’s global hubs in India. As an alumnus of the Indian Institute of Management, Ahmedabad, he has demonstrated expertise in operations, technology and wealth management, with a proven track record of strategic leadership and digital innovation.

The bank looks forward to leveraging his expertise to accelerate its growth trajectory in the digital banking space.