Equitas Small Finance Bank announced the appointment of Balaji Nuthalapadi as its Executive Director – Technology and Operations, effective March 29, 2025.
Prior to joining Equitas Small Finance Bank, Nuthalapadi served as Managing Director & Head of Centralized Controls Testing Execution at Citi Bank, where he was instrumental in building a 1,100-member team in India to oversee global controls testing—one of the largest such teams in the banking industry.
In his previous role as Managing Director and Head of Operations and Technology for Citi South Asia, he oversaw operations and technology functions across India and Southeast Asia, playing a pivotal role in scaling up Citi’s global hubs in India.
As an alumnus of the Indian Institute of Management, Ahmedabad, he has demonstrated expertise in operations, technology and wealth management, with a proven track record of strategic leadership and digital innovation.
Vasudevan P N, MD & CEO of 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.”

