RBI approves Balaji Nuthalapadi as interim Equitas SFB CEO
In short
Equitas Small Finance Bank got RBI approval to make Balaji Nuthalapadi its interim MD and CEO for up to three months, or until a regular chief executive is appointed.
What the reporting says
Equitas Small Finance Bank received RBI approval to appoint Executive Director Balaji Nuthalapadi as interim managing director and CEO for three months or until a regular chief executive is named. P N Vasudevan has been relieved from the bank’s services with immediate effect after his resignation. The move gives the lender a temporary leadership arrangement while it searches for a permanent head.
Why it matters
Equitas Small Finance Bank has been allowed by the RBI to name Balaji Nuthalapadi interim MD and CEO for a limited period, following P N Vasudevan’s immediate exit. The appointment keeps the bank’s leadership in place while it transitions to a permanent chief executive. The development is relevant to the lender’s management stability and governance.