Home / Business and Economy / Equitas SFB Appoints Interim CEO After Vasudevan's Exit
Equitas SFB Appoints Interim CEO After Vasudevan's Exit
3 Nov
Summary
- Balaji Nuthalapadi is the new interim CEO.
- This follows P N Vasudevan's resignation.
- The bank is searching for a permanent CEO.
Equitas Small Finance Bank announced on Tuesday, November 3, 2026, that Balaji Nuthalapadi has been appointed as the interim chief executive officer. This leadership change occurred shortly after the resignation of P N Vasudevan, who had served as CEO for a considerable period. Vasudevan's departure was reportedly due to conflict-of-interest concerns.
The bank has officially stated that it has commenced the search for a suitable candidate to fill the CEO position permanently. Equitas Small Finance Bank will subsequently submit its final recommendation for the permanent CEO to India's central bank for approval. The process is underway to ensure continued leadership and stability for the financial institution.
