Ujjivan Small Finance Bank appoints Sanjeev Nautiyal as next MD and CEO

by Psu Connect
Date: 04-05-24

The appointment of Mr. Nautiyal as the MD & CEO will be subject to the approval of shareholders at the ensuing Annual General Meeting of the bank.

Ujjivan Small Finance Bank appoints Sanjeev Nautiyal as next MD and CEO

Ujjivan Small Finance Bank Limited (Ujjivan SFB) announced the receipt of RBI approval for the appointment of Mr. Sanjeev Nautiyal as its Managing Director & CEO from July 1, 2024, for three years. He will join the Bank much before his taking charge as the MD&CEO and be designated as the President in the interim.

Mr. Nautiyal retired as Deputy Managing Director of SBI and earlier held the role of MD&CEO at SBI Life for two years, in his illustrious 36 years of banking career.

The appointment of Mr. Nautiyal as the MD & CEO will be subject to the approval of shareholders at the ensuing Annual General Meeting of the bank.

Mr. Nautiyal is a banker with over three decades of extensive strategic domain expertise in Retail, SME, Financial Inclusion, Operations, HR, International Banking, and Treasury. He earlier held significant roles as Deputy Managing Director (Financial Inclusion & Micro Markets), SBI and MD&CEO, SBI Life Insurance. Currently, he is the Independent Director of the Life Insurance Corporation of India (LIC) and acts as an advisor in various organizations.

Mr. Nautiyal holds a Bachelor’s degree in Arts and a Master’s degree in Business Administration. He is also a Certified Associate of the Indian Institute of Bankers.

Commenting on his appointment, Mr. Sanjeev Nautiyal said, “It is indeed an honor to join Ujjivan, whose mission, to be a leading mass market bank, is embedded in its philosophy of building better lives for everyone. The transformation of Ujjivan from an NBFC-MFI to a very successful bank makes it ready to chart new frontiers of financial and digital inclusion. I look forward to working with Team Ujjivan and all the stakeholders”.