Chennai: Equitas Small Finance Bank has announced the appointment of Balaji Nuthalapadi as 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 strategic move to strengthen the Bank’s digital transformation, operational efficiency, and technology-driven banking solutions.
With over two decades of experience in banking technology and operations, Mr. Nuthalapadi will spearhead initiatives to enhance digital banking solutions and streamline operations, reinforcing Equitas SFB’s commitment to financial inclusion and innovation.
Commenting on his appointment, Vasudevan P N, MD & CEO, Equitas Small Finance Bank, said, “We are delighted to welcome Mr. Balaji Nuthalapadi to our leadership team. His vast experience in banking operations, technology, and digital transformation will be a valuable asset as we continue to enhance our operational efficiency and drive innovation. His passion for digital banking, financial inclusion, and social impact aligns seamlessly with the values and mission of Equitas Small Finance Bank.”
Before joining Equitas SFB, Mr. Nuthalapadi held key leadership roles at Citibank, including Managing Director & Head of Centralized Controls Testing Execution, where he led the creation of a 1,100-member global controls testing team—one of the largest in the industry. As Managing Director & Head of Operations and Technology for Citi South Asia, he oversaw operations and technology functions across India and Southeast Asia, playing a key role in expanding Citi’s global hubs in India.
An alumnus of the Indian Institute of Management, Ahmedabad (IIM-A), Mr. Nuthalapadi has a distinguished career in operations, technology, and wealth management, with a track record of driving digital transformation and operational excellence.
