Equitas Small Finance Bank has announced the appointment of Sivaraman K as Head-Operations and designated him as Senior Management Personnel (SMP), effective 7 September 2026. According to reports from Business Standard, Sivaraman will succeed Siby Sebastian, who will continue as part of the bank's Senior Management Personnel and take charge of Strategic Transformation as part of an internal role transition.
Sivaraman brings over 30 years of extensive banking experience, with significant leadership expertise across end-to-end banking operations, process transformation, regulatory compliance, governance and operational excellence. As reported by Business Standard, prior to joining the bank, he served as Senior General Manager & Head Banking Operations Group at South Indian Bank, where he led a large nationwide operations function covering branch operations, liabilities and assets operations, payments and settlements, trade finance, reconciliation, currency chest and ATM management, along with a broad range of retail and para-banking support services.
Sivaraman's appointment is expected to strengthen Equitas SFB's operational backbone and support its ongoing transformation and expansion of nationwide banking services, as reported by TipRanks. Equitas Small Finance Bank Limited is an Indian small finance bank focused on providing banking services across retail, SME, and inclusive finance segments. The bank operates nationwide, emphasizing robust operations, regulatory compliance, and governance to support its liabilities, assets, payments and other transactional services.
According to Business Standard, Equitas Small Finance Bank reported a consolidated net profit of ₹183.60 crore in Q1 FY27, compared with a net loss of ₹223.76 crore in Q1 FY26. The bank's total income rose 14.17% year on year to ₹2,215.49 crore in Q1 FY27. The scrip rose 0.48% to settle at ₹73.35 on Monday, 7 September 2026.
