RBI approves Sanjeev Nautiyal as MD & CEO, Ujjivan SFB

By Devika Chandrakar

Currently, Sanjeev Nautiyal holds the position of independent director of the Life Insurance Corporation of India (LIC)

The Reserve Bank of India approved the appointment of Sanjeev Nautiyal to become the Managing Director and Chief Executive Officer of Ujjivan Small Finance Bank starting on July 1. Nautiyal, who used to work at the State Bank of India, will take over for three years. He was already involved with the bank as an interim president before officially taking on the CEO role, pending approval from the bank’s shareholders at their next annual general meeting.

Nautiyal expressed his excitement about joining Ujjivan, highlighting the bank’s goal of improving people’s lives through financial services. He brings a wealth of experience in banking, particularly in retail, small business, and financial inclusion.

The Chairman of Ujjivan Small Finance Bank, Banavar Anantharamaiah Prabhakar, welcomed Nautiyal’s appointment, praising his expertise in retail banking and his ability to lead the bank forward.

Nautiyal will work to replace the bank’s MD and CEO, Ittira Davis, who is being relieved a few months before his original term expiration. Davis will work with Nautiyal to ensure a smooth transition.

About Ujjivan Small Finance Bank:

Ujjivan Small Finance Bank, which started operating in 2017, serves over 8.5 million customers across India through its extensive network of branches and employees. As of March 31, 2024, the bank’s loan book is valued at ₹29,779 crore, with deposits totaling ₹31,650 crore.

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