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Nitin Chugh resigns as MD & CEO of Ujjivan Small Finance Bank

Chugh resigned from his position citing personal reasons, effective September 30, 2021

Nitin Chugh
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Nitin Chugh, Managing Director & CEO, Ujjivan Small Finance Bank

BS Reporter Mumbai
Nitin Chugh (pictured), the managing director and chief executive officer (MD&CEO) of Ujjivan Small Finance Bank, has resigned from his position sighting personal reasons, effective September 30, 2021.
 
Further, Chugh will cease to be a director of the bank from the same date. And, he will also cease to be key mana­gerial personnel of the bank in terms of section 203 of the Companies Act, 2013.
 
In an exchange filing, the small finance bank said, the board of the bank has taken note of the letter it received from Chugh on August 18, resigning from his position as