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.
Sanjeev Nautiyal was appointed as the Managing Director and Chief Executive Officer of Ujjivan Small Finance Bank effective July 1st, with approval from the Reserve Bank of India. Nautiyal, a former deputy managing director of the State Bank of India (SBI), has been appointed for a three-year term.
The small lender said that Nautiyal will join the bank much prior to taking charge as the MD and CEO in the position of the interim president of the bank. “The appointment of Mr. Nautiyal as the MD and CEO will be subject to the approval of shareholders at the ensuing Annual General Meeting of the bank,” the lender said.
Following his appointment, Sanjeev Nautiyal said, “It is indeed an honour 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.”
He currently serves as an advisor to numerous organizations in addition to serving as an independent director of the Life Insurance Corporation of India (LIC). Throughout the course of his more than three-decade career, he has developed strategic domain knowledge in retail, small and medium-sized businesses (SME), financial inclusion, operations, human resources (HR), international banking, and treasury.
Upon the appointment of Nautiyal, Chairman of Ujjivan SFB, Banavar Anantharamaiah Prabhakar, said, “I am delighted that RBI has approved the appointment of Mr. Nautiyal. I welcome him to the Ujjivan family. He is a strategic retail banker with all-round experience in both the domestic and international markets. His expertise across the banking spectrum in creating and nurturing strong institutions with customers at the forefront makes him the natural choice to lead Ujjivan into the future.”
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