Money & Banking

Ittira Davis resigns as CEO of Ujjivan Financial Services

Our Bureau. Bengaluru | Updated on March 12, 2021

Ittira Davis has resigned as the MD and CEO of Ujjivan Financial Services Limited (UFSL) to take up a proposed directorship role on the board of Ujjivan Small Finance Bank Limited.

In a regulatory filing to exchanges, the company said that with the resignation of Davis, the company has appointed Samit Ghosh, the existing Non-Executive Chairman, as the MD and CEO of the company, with effect from May 1, and his appointment will be effective only on receipt of prior approval of the shareholders by way of special resolution since he is over 70 years of age.

“Having regard to a few recent board-level changes in Ujjivan Small Finance Bank Limited, the NRC and the board of the company unanimously were of the view that Ittira Davis, the existing MD and CEO, who is a veteran banker with over 40 years of banking experience and having been associated with Ujjivan since 2015, will add further value if appointed to the board of the bank.”

 

Published on March 12, 2021

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