Ujjivan Small Finance Bank Names Sanjeev Nautiyal as MD & CEO
Ujjivan Small Finance Bank has announced the appointment of Sanjeev Nautiyal as its Managing Director and Chief Executive Officer (MD & CEO) for a tenure of three years, effective from July 1, 2024. The Reserve Bank of India (RBI) has approved this appointment. Nautiyal will assume the role of President in the interim period before officially taking charge as MD & CEO. With over thirty years of experience in various banking domains, including retail, SME, financial inclusion, and international banking, Nautiyal brings a wealth of strategic expertise to his new role.
Sanjeev Nautiyal holds a Bachelor’s degree in Arts, a Master’s degree in Business Administration, and is a Certified Associate of the Indian Institute of Bankers. He has held significant positions in the State Bank of India (SBI), including Deputy Managing Director for financial inclusion & micro markets, and MD & CEO of SBI Life Insurance. Currently serving as an independent director of Life Insurance Corporation, Nautiyal is recognized for his leadership in innovation, collaboration, and teamwork.
Banavar Anantharamaiah Prabhakar, Chairman of Ujjivan SFB, expressed delight in Nautiyal’s appointment, citing his extensive experience and strategic vision as assets to the bank. He emphasized Nautiyal’s track record in building strong institutions with customer-centric approaches, aligning with Ujjivan’s values and mission of financial inclusion.
In response to his appointment, Sanjeev Nautiyal expressed his honor in joining Ujjivan and highlighted the bank’s mission to serve the mass market. He acknowledged Ujjivan’s successful transformation from an NBFC-MFI to a full-fledged bank and expressed his eagerness to contribute to its future growth and expansion in financial and digital inclusion.
Established in 2005 as a non-banking financial services company, Ujjivan Small Finance Bank aims to provide comprehensive financial services to economically underserved populations. Its net profit for Q3 FY24 increased by 2.3% to Rs 300.06 crore compared to the previous year, with total income rising by 35.6% year-on-year to Rs 1,655.39 crore.
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