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Today General Knowledge(GK)
Nitin Chugh has stepped down as the managing director and chief executive officer (MD & CEO) of which bank?
A)
ESAF Small Finance Bank
B)
Ujjivan Small Finance Bank
C)
Equitas Small Finance Bank
D)
Utkarsh Small Finance Bank

Correct Answer : Option (B) - Ujjivan Small Finance Bank



Nitin Chugh has tendered his resignation from the post of managing director and chief executive officer at Ujjivan Small Finance Bank. In a letter dated August 18, 2021, Chugh will step down from the office with effect from close of business hours on September 30, 2021, the bank said in a regulatory filing on 19-08-2021.
 
His tenure as Director of the bank is “co-terminus with his tenure as Managing Director and CEO of the bank," the lender said. This means Chugh will cease to be the director of the company from the date of his exit.
 
“He has confirmed, in his resignation letter, that he is resigning due to personal reasons and there are no material reasons," the bank clarified in its filing.

Published On : August 21, 2021
Category : Banking
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