Latest News | SBI Appoints Ex-Ujjivan Small Finance Bank CEO Nitin Chugh as DMD
Get latest articles and stories on Latest News at LatestLY. State Bank of India (SBI) has appointed former Ujjivan Small Finance Bank CEO Nitin Chugh as Deputy Managing Director (DMD) to drive digital banking operations.
New Delhi, Mar 5 (PTI) State Bank of India (SBI) has appointed former Ujjivan Small Finance Bank CEO Nitin Chugh as Deputy Managing Director (DMD) to drive digital banking operations.
He has been appointed for an initial term of three years, sources said.
Also Read | PM Narendra Modi to Inaugurate Metro Rail Project in Pune on March 6.
Prior to this appointment, Chugh was CEO and managing director of Ujjivan Small Finance Bank. He joined there from HDFC Bank where he served as the Group Head of Digital Banking.
Chugh, who joined Ujjivan Small Finance Bank in 2019, quit the bank in September last year citing personal reasons.
SBI had invited applications for the position in December.
According to a public notice by SBI, the position would be responsible for envisioning, developing and in execution of bank's digital banking strategy and business plan for imparting digital knowledge/skills in a constructive, empowering and collaborative way.
Earlier, the bank had hired Chief Finance Officer (CFO) from the private sector.
An e-mail sent to SBI in this regard did not elicit any immediate response.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)