Ujjivan SFB names Sanjeev Nautiyal next MD & CEO; five key points to know

Ujjivan Small Finance Bank named Sanjeev Nautiyal as its next managing director and chief executive officer on Saturday, adding that it has received the nod from the Reserve Bank of India (RBI) for his appointment.

Nautiyal, a banking industry veteran, will take over as the MD & CEO from July 1, 2024 for a period of three years, the micro-lender said in a release. However, he will join the bank “much prior” as part of the transition process.

Nautiyal will be succeeding Ittira Davis, who has been serving as the MD & CEO since 2018. “The board has respected the wishes of Davis to be released a few months prior to his original expiry of term,” the release noted.

The appointment of Nautiyal as Davis’s successor will be subject to the approval of shareholders at the ensuing Annual General Meeting of the bank.

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“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,” Nautiyal said, while commenting on the board’s nod for his appointment.

Here are five key points about the Ujjivan SFB’s next MD & CEO:

• 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) at the country’s largest lender State Bank of India (SBI), and also served as the MD & CEO of its insurance arm SBI Life Insurance.

• He currently is the Independent Director of Life Insurance Corporation of India (LIC), the state-run insurance sector behemoth, and acts as an advisory in various organisations.

• “He is a strategic retail banker with an 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,” Ujjivan SFB chairman Banavar Anantharamaiah Prabhakar said.

• In terms of education, 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.