Ujjivan SFB: Carol Furtado Interim MD & CEO Post Nautiyal's Early Retirement

Ujjivan Small Finance Bank announced the early retirement of its MD & CEO, Mr. Sanjeev Nautiyal, due to health concerns. Ms. Carol Furtado, the Executive Director, has been appointed as the Interim MD & CEO, subject to RBI approval. The bank highlighted its strong governance, robust internal controls, and experienced management team. Ms. Furtado, with over three decades of experience, assured stakeholders of continued commitment to stated objectives. The bank also reported a Q1 loan book growth of approximately 29% year-on-year with GNPA at 2.2%, and its secured book share has grown past 50%, indicating a successful diversification strategy.