The Fact Maker

Ujjivan Small Finance Bank appoints highly accomplished banker, Sanjeev Nautiyal as the next Managing Director & Chief Executive Officer

Chennai: 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 a period of three years. He will join the Bank much prior to 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.

Speaking on this occasion, Mr. Banavar Anantharamaiah Prabhakar, Chairman, Ujjivan SFB 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 an all-round experience in both the domestic and international markets. His expertise across the banking spectrum in creating and nurturing strong institutions, with customer at the forefront, makes him the natural choice to lead Ujjivan into the future. His endearing leadership skills of innovation, collaboration, and teamwork fits in with the values practised at Ujjivan. 22,000+ Ujjivanites join me in wishing him the very best and success in this journey.”

Mr. Prabhakar also paid rich tributes to Mr. Ittira Davis for his contribution as MD&CEO in scripting and executing the turnaround story of Ujjivan SFB. Mr. Davis will work with Mr. Nautiyal to ensure a smooth transition. The board has respected the wishes of Mr. Davis to be released few months prior to his original expiry of term.

Commenting on his appointment, Mr. 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”

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. He currently is the Independent Director of Life Insurance Corporation of India (LIC) and acts as an Advisory in various organisations.

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.