Equitas appoints Balaji Nuthalapadi interim CEO
In short
Equitas has named Balaji Nuthalapadi as interim CEO, but only if RBI approves it. The move comes after P N Vasudevan resigned.
The bank has started looking for a permanent CEO. It is not yet clear when RBI will approve the appointment or who the final successor will be.
What the reporting says
Equitas has appointed Balaji Nuthalapadi as interim CEO, subject to RBI approval, after the resignation of P N Vasudevan. The bank has also started the process of finding a permanent successor, according to the publisher summary. The immediate leadership transition is clear, but the timing of RBI clearance and the final replacement remain unknown.
Why it matters
Equitas has named Balaji Nuthalapadi as interim CEO, with the appointment subject to RBI approval after P N Vasudevan’s resignation. The bank is also searching for a permanent successor, according to the publisher summary. The immediate impact is a leadership transition at the bank, but the final approval timing and permanent replacement have not been stated.