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

13 Jan 2022 , 02:15 PM

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

The company said in a filing, Ittira Davis is a senior banker with over 40 years of rich experience having worked extensively in India, the 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 the 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, 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).

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.”

At around 2.17 pm, Ujjivan Small Finance Bank Ltd. was trading at Rs20.50 per piece up Rs0.05 or 0.24% on the BSE.