RBI approves Ittira Davis' appointment as Ujjivan SFB's new MD & CEO

Davis had a stint with Ujjivan SFB as its chief operating officer. He joined Ujjivan in March 2015 and headed the transition of Ujjivan's journey from a micro finance institution (MFI) to SFB

The Reserve Bank of India (RBI) has approved the appointment of Ittira Davis as the managing director and chief executive officer (MD & CEO) of Ujjivan Small Finance Bank (SFB) for a one-year term effective January 14.

On December 6, the bank’s board had appointed Davis the MD & CEO for a three-year term from the date of approval of the RBI or such other period as may be approved by the central bank.

Ujjivan SFB, in a filing with BSE, said the special committee of directors, formed in September to oversee the operations and administration in the absence of MD &