RBI approves appointment of Ittira Davis as MD & CEO of Ujjivan Small Finance Bank

Ujjivan Small Finance Bank today announced that it has received the RBI approval for the appointment of Mr. Ittira Davis as its Managing Director & CEO for a period of 1 (one) year.

Mr Ittira Davis is a senior banker with over 40 years of rich experience having worked extensively in India, Middle East and Europe. He has been associated with Ujjivan since March 2015. His first pivotal assignment, as the Head of Transition, was to oversee successful transformation of a micro-finance institution into a small finance bank which included accessing the capital markets with two successful IPOs.

Prior to Ujjivan, Mr. Davis was the Managing Director with the Europe Arab Bank, London. He has also held leadership positions with Arab Bank plc, Bahrain and Citibank, India. He is an alumnus of Indian Institute of Management-Ahmedabad (IIM-A).

Mr. B A Prabhakar, Chairman of Ujjivan Small Finance Bank, said: "I am happy with Ittira coming to head Ujjivan Small Finance Bank in its transformational journey. His extensive global banking experience and familiarity with Ujjivan will enable him to successfully lead the Bank."

Shares of Ujjivan Small Finance Bank Limited was last trading in BSE at Rs. 20.45 as compared to the previous close of Rs. 20.55. The total number of shares traded during the day was 524814 in over 1906 trades.

The stock hit an intraday high of Rs. 20.80 and intraday low of 20.40. The net turnover during the day was Rs. 10804653.00.

Source : Equity Bulls

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UjjivanSmallFinanceBank INE551W01018 UJJIVANSFB Appointment RBIApproval IttiraDas MD CEO