New Delhi, Nov. 4 -- Equitas Small Finance Bank has appointed executive director Balaji Nuthalapadi as its interim chief executive officer (CEO), subject to Reserve Bank of India (RBI) approval, following the resignation of founder and managing director (MD) P.N. Vasudevan last week.

The board has cleared Nuthalapadi's appointment on 3 November following a recommendation from its nomination and remuneration committee (N&RC). He will be the lender's boss as the board conducts its search for a permanent CEO.

Nuthalapadi has nearly 30 years' experience at Citi, having held a number of senior roles prior to joining Equitas. He's been at the forefront of the bank's technology and operations upgrades and is therefore a natural fit to lead the...