The Reserve Bank of India (RBI) has approved the appointment of Sanjeev Nautiyal as the managing director (MD) and chief executive officer (CEO) of Ujjivan Small Finance Bank, as per an official exchange filing on May 4, Saturday. Nautiyal, who brings over three decades of extensive banking experience, is scheduled to assume his new role starting July 1, 2024, for a tenure of three years.
Read More: PFRDA hosts round table meeting to promote National Pension System adoption among corporates
Before his appointment at Ujjivan Small Finance Bank, Nautiyal held prominent positions in the banking sector, serving as Deputy Managing Director for Financial Inclusion & Micro Markets at SBI and as MD & CEO of SBI Life Insurance. He currently serves as an Independent Director at Life Insurance Corporation and provides advisory services to various organizations.
Nautiyal holds a Bachelor’s degree in Arts and a Master’s degree in Business Administration. Additionally, he is a Certified Associate of the Indian Institute of Bankers.
Read More: Startup funding in India declined by 17 per cent in FY24
His appointment comes as the current MD & CEO, Ittira Davis, prepares for an early release from his term, with Nautiyal expected to assume an interim position as President ahead of his official start date. Davis will assist in facilitating a smooth transition process.
