Equitas Small Finance Bank, India’s second-largest small finance bank, has appointed 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, marks a significant step in the bank’s digital transformation journey.
Balaji Nuthalapadi brings extensive experience in banking operations, technology, and digital innovation. Before joining Equitas, he served as Managing Director & Head of Centralized Controls Testing Execution at Citi Bank, where he led a 1,100-member team responsible for global controls testing. In his previous role as Managing Director and Head of Operations and Technology for Citi South Asia, he played a key role in scaling Citi’s global hubs in India, overseeing technology and operational functions across India and Southeast Asia. An alumnus of the prestigious Indian Institute of Management, Ahmedabad, he has a proven track record in strategic leadership, digital banking, and financial inclusion.
Welcoming him to the leadership team, Vasudevan P N, MD & CEO of Equitas Small Finance Bank, highlighted his expertise in banking operations and digital transformation, emphasizing how his vision aligns with the bank’s mission of financial inclusion and innovation. With this appointment, Equitas aims to enhance operational efficiency, drive tech-led customer solutions, and strengthen its position in the digital banking sector.
