Nitin Chugh was appointed as the next Managing Director and Chief Executive Officer (CEO) of this Small Finance Bank recently.

2019

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Fincare Small Finance Bank
B	Equitas Small Finance Bank
C	Jana Small Finance Bank
D	Ujjivan Small Finance Bank

Explanation:

Detailed explanation-1: -Detailed Solution. The correct answer is State Bank of India.

Detailed explanation-2: -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, sources said.

Detailed explanation-3: -Ujjivan Small Finance Bank (SFB) announced on December 9 that the Reserve Bank of India (RBI) has approved Ittira Davis’ reappointment as managing director and chief executive officer for another two years.

Detailed explanation-4: -Ittira Davis as the Managing Director and Chief Executive Officer of the Bank for a further period of 2 years, w.e.f. January 14, 2023,” the lender said in an exchange notification. Davis has been associated with Ujjivan since March 2015. He has over 40 years of work experience in India, the Middle East, and Europe.

Detailed explanation-5: -Chugh would be responsible for driving growth of customer acquisition through digital channels, along with defining and implementing digital strategies, the bank said in a press release.

There is 1 question to complete.