Correct Answer : Option (C) - Ittira Davis
The Reserve Bank of India (RBI) has approved the appointment of "Ittira Davis" as the Managing Director and Chief Executive Officer (MD & CEO) of Ujjivan Small Finance Bank (SFB) for a one-year term effective January 14, 2022.
On December 6, 2022, the bank's board had appointed Davis the MD & CEO for a three-year term from the date of approval of the RBI or such other period as may be approved by the central bank.
Ujjivan SFB, in a filing with BSE, said the special committee of directors, formed in September to oversee the operations and administration in the absence of MD & CEO, stood dissolved from January 13, 2022. The panel was formed after Nitin Chugh resigned as MD & CEO.
Davis had a stint with Ujjivan SFB as its chief operating officer. He joined Ujjivan in March 2015 and headed its transition from a microfinance institution (MFI) to an SFB.
Source : Business Standard
