The Reserve Bank of India (RBI) has approved the appointment of Sanjeev Nautiyal as the managing director and chief executive officer of Ujjivan Small Finance Bank for three years with effect from July 1.
He will join the bank much prior to his taking charge as the managing director and chief executive officer and be designated as the president in the interim.
The appointment of Nautiyal as managing director and chief executive officer will be subject to the approval of shareholders at the ensuing annual general meeting of the bank, the small finance bank said in an exchange filing. Nautiyal will take over from bank’s managing director and chief executive officer Ittira Davis.
“I am delighted that RBI has approved the appointment of Nautiyal. He is a strategic retail banker with an all-round experience in both the domestic and international markets,” Banavar Anantharamaiah Prabhakar, chairman, Ujjivan Small Finance Bank said.
“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,” he added.
Nautiyal has over three decades of extensive strategic domain expertise in retail, small and medium-sized enterprise, financial inclusion, operations, human resources, international banking, and treasury.
He earlier held significant roles as State Bank of India deputy managing director (Financial Inclusion & Micro Markets), and SBI Life Insurance managing director and chief executive officer.
He is currently serving as the independent director of Life Insurance Corporation of India (LIC) and acts as an advisory in various organisations.