Ujjivan Small Finance Bank appoints Carol Kripanayana Furtado as a Whole-Time Director

New Delhi: The Reserve Bank of India on March 21 approved the Ujjivan Small Finance Bank for the appointment of Ms Carol Kripanayana Furtado as a Whole-Time Director (WTD) of the Bank for 3 years with effect from May 01, 2024. The board recommended Carol's appointment at their meeting held on January 11, 2024.

She will also assume office as a Key Managerial Personnel in terms of Section 203 of the Companies Act, 2013 for a period coterminus with her tenure as a WTD of the Bank. We further wish to inform that the shareholders’ approval for the aforesaid appointment will be duly obtained within the stipulated time. Further, we hereby inform and confirm that she is not debarred from holding the office of director by virtue of any SEBI order or any other such authority.

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Ms. Carol Furtado is currently the Chief Business Officer of Ujjivan Small Finance Bank. She comes with 29 years of banking experience in Retail Banking and NBFC domains with expertise in leading Business, Banking operations, Credit, People functions and Service Quality. Ms. Carol is a key member of the leadership team that laid the foundation and built Ujjivan.

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She was instrumental in the recognition of Ujjivan as a certified great place to work. She has previously worked with the ANZ group, Bank Muscat and Centurion Bank Ltd. In 2009, Ms. Carol was the recipient of the Financial Women’s Association award by Women’s World Banking in recognition of her demonstrated professional commitment. She is a post graduate from Mount Carmel Institute of Management, Bangalore, and has been part of strategic leadership programs conducted by Indian Institute of Management, Ahmedabad and Harvard Business School, Boston.

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