SBI named ex-Ujjivan Small Finance Bank CEO Nitin Chugh as DMD

State Bank of India (SBI) has appointed former Ujjivan Small Finance Bank CEO, Nitin Chugh as Deputy Managing Director (DMD) to drive digital banking operations. He has been appointed for an initial term of three years. Prior to this appointment, Chugh was CEO and managing director of Ujjivan Small Finance Bank. He joined there from HDFC Bank where he served as the Group Head of Digital Banking.

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According to public notice by SBI, the position would be responsible for envisioning, developing and executing of bank’s digital banking strategy and business plan for imparting digital knowledge/skills in a constructive, empowering and collaborative way.

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