Small Finance Bank
Balaji Nuthalapadi gets RBI nod to be Equitas SFB’s interim CEO
Balaji Nuthalapadi to be interim CEO at Equitas Small Finance Bank for three months from 6 November or until appointment of regular head, whichever is earlier.
Balaji Nuthalapadi to be interim CEO at Equitas Small Finance Bank for three months from 6 November or until appointment of regular head, whichever is earlier.
The Reserve Bank of India (RBI) has approved the appointment of Balaji Nuthalapadi as the interim chief executive officer at Equitas Small Finance Bank.
Nuthalapadi has been appointed for three months from 6 November or until the appointment of a regular head, whichever is earlier.
On Friday, the bank board decided to relieve outgoing managing director and CEO PN Vasudevan with immediate effect following a request from him. He had tendered his resignation over alleged grounds of conflict of interest.
On 3 November, the bank's board approved Nuthalapadi's appointment based on the recommendation of the Nomination and Remuneration Committee.
