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Ujjivan Small Finance Bank appoints highly accomplished banker, Sanjeev Nautiyal as the next MD & CEO

ujjivan bank

Bengaluru: Ujjivan Small Finance Bank Limited (Ujjivan SFB) has recently received approval from the Reserve Bank of India (RBI) for the appointment of Sanjeev Nautiyal as its Managing Director & CEO, effective from July 1, 2024, for a term of three years. Nautiyal, who brings with him a distinguished 36-year banking career, including roles as Deputy Managing Director at SBI and MD&CEO at SBI Life, will initially join the bank as President before assuming the MD&CEO position.

Sanjeev NautiyalThe appointment of Nautiyal is pending approval from the shareholders at the upcoming Annual General Meeting of the bank. Banavar Anantharamaiah Prabhakar, Chairman of Ujjivan SFB, expressed his delight at Nautiyal’s approval, highlighting his extensive experience in retail banking and international markets. Prabhakar also commended the outgoing MD&CEO, Ittira Davis, for his contributions to Ujjivan SFB’s turnaround story.

Read more: Ujjivan Small Finance Bank appoints Carol Furtado as Executive Director

In response to his appointment, Nautiyal expressed his honor in joining Ujjivan and emphasized the bank’s mission of improving lives through financial inclusion. He looks forward to collaborating with the team and stakeholders to further Ujjivan’s growth as a leading mass-market bank.

Nautiyal, known for his expertise in various banking domains including retail, SME, and financial inclusion, holds a Bachelor’s degree in Arts, a Master’s degree in Business Administration, and is a Certified Associate of the Indian Institute of Bankers. He currently serves as an Independent Director of Life Insurance Corporation of India (LIC) and provides advisory services to several organizations.