StockWatch
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Other Bank
Management Change6 Nov 2026, 07:41 pm

Equitas SFB Appoints Balaji Nuthalapadi as Interim MD & CEO

AI Summary

Equitas Small Finance Bank Limited announced the appointment of Mr. Balaji Nuthalapadi as the interim Managing Director & Chief Executive Officer for a period of three months, effective November 06, 2026. This appointment follows the approval from the Reserve Bank of India and the resignation of Mr. P. N. Vasudevan from the position. The Board of Directors expressed their appreciation for Mr. Vasudevan's contributions. The trading window for designated persons will be closed on November 07 and 08, 2026.

Key Highlights

  • Balaji Nuthalapadi appointed interim MD & CEO for three months.
  • Appointment approved by Reserve Bank of India.
  • P. N. Vasudevan resigns as MD & CEO.
  • Board appreciates Vasudevan's leadership and contributions.
  • Trading window closed for designated persons on Nov 7-8, 2026.