RBI Approves Carol Kripanayana Furtado as Interim CEO at Ujjivan SFB… — čHãņĐŪStudyWorld — TG.ME

RBI Approves Carol Kripanayana Furtado as Interim CEO at Ujjivan SFB 📅 Date: September 1, 2026 🏦 Bank: Ujjivan Small Finance Bank (SFB) 🏛️ Regulator: Reserve Bank of India (RBI) 👤 Interim MD & CEO: Carol Kripanayana Furtado ⏳ Tenure: Three months or until a permanent successor is appointed 👤 Predecessor: Sanjeev Nautiyal Key Development ◉ The Reserve Bank of India (RBI) approved the appointment of Carol Kripanayana Furtado as Interim Managing Director (MD) & Chief Executive Officer (CEO) of Ujjivan Small Finance Bank (SFB). ◉ Her tenure will be for three months or until a permanent successor is officially appointed, whichever is earlier. ◉ The decision followed the resignation of Sanjeev Nautiyal. ◉ Nautiyal stepped down on September 1, 2026, after serving for over two years. ◉ He will retire on November 30, 2026, after completing his notice period. About Carol Kripanayana Furtado ◉ Carol Kripanayana Furtado has nearly three decades of experience across: → Retail Banking → Non-Banking Financial Companies (NBFCs) ◉ She previously served as CEO of Ujjivan Financial Services Ltd. in 2021. ◉ She was appointed as Whole-Time Executive Director (WTD) of Ujjivan SFB on May 1, 2024, for a three-year term with RBI approval. Roles at Ujjivan SFB ◉ During her career at Ujjivan SFB, she has served as: → Chief Business Officer (CBO) → Operations and Service Quality Head → Chief Human Resource Officer (CHRO) ◉ Her responsibilities have included: → Business growth → Operations → Customer experience → Human resource management ◉ She also played a role in securing Great Place to Work recognition for the bank. Other Appointment ◉ Ujjivan SFB appointed Vikas Agrawal as Business Head for Micro, Small and Medium Enterprises (MSME). ◉ Effective Date → September 1, 2026 ◉ The appointment is aimed at strengthening the bank's focus on secured lending. About Ujjivan Small Finance Bank 🏦 Full Name → Ujjivan Small Finance Bank 📌 Type → Mass-market focused Scheduled Commercial Bank 📅 Established as NBFC → 2005 👤 Founder → Samit Ghosh 🏦 Became Small Finance Bank → 2017 📍 Headquarters → Bengaluru, Karnataka 🔄 Reverse Merger → Completed in 2024 Exam Hints ✓ What? → Appointment of Interim CEO of Ujjivan SFB ✓ Who? → Carol Kripanayana Furtado ✓ Tenure → Three months or until permanent successor ✓ Regulator → RBI ✓ Predecessor → Sanjeev Nautiyal ✓ Previous Position of Furtado → CEO, Ujjivan Financial Services Ltd. ✓ WTD Appointment → May 1, 2024 ✓ Other Appointment → Vikas Agrawal as MSME Business Head Quick Facts → Interim MD & CEO → Carol Kripanayana Furtado → Bank → Ujjivan Small Finance Bank → Approval → RBI → Appointment Date → September 1, 2026 → Tenure → 3 months → Predecessor → Sanjeev Nautiyal → Nautiyal's Resignation → August 31, 2026 → Nautiyal Stepped Down → September 1, 2026 → Nautiyal Retirement → November 30, 2026 → Furtado Experience → Nearly 3 decades → Previous CEO Role → Ujjivan Financial Services Ltd. (2021) → WTD at Ujjivan SFB → May 1, 2024 → MSME Business Head → Vikas Agrawal → Ujjivan SFB Headquarters → Bengaluru, Karnataka → NBFC Established → 2005 → Founder → Samit Ghosh → SFB Established → 2017 Significance ✅ The appointment ensures leadership continuity at Ujjivan Small Finance Bank following Sanjeev Nautiyal's resignation. ✅ Carol Furtado's extensive banking and NBFC experience provides continuity during the transition. ✅ Her previous leadership roles within the Ujjivan group strengthen her familiarity with the bank's operations. ✅ The appointment of Vikas Agrawal as MSME Business Head also supports the bank's focus on secured lending. 💡 Final Takeaway RBI approved Carol Kripanayana Furtado as the Interim MD & CEO of Ujjivan Small Finance Bank on September 1, 2026, for a three-month tenure or until a permanent successor is appointed. She brings nearly three decades of banking and NBFC experience and previously served as CEO of Ujjivan Financial Services Ltd.