 "banks, bank rate cuts, lending rates, deposits, savings, investment, schemes, shares, insurance")
Post the surprise resignation of Nitin Chugh, managing director (MD) & chief executive officer (CEO), Ujjivan Small Finance Bank’s board will meet on August 25 to appoint an officer on special duty. The officer will work alongside Chugh until his exit from the bank, to ensure a smooth transition till the time an interim CEO is appointed.
Samit Ghosh, non-executive chairman, Ujjivan Financial Services, which is the holding company of the bank with an 83 per cent stake, said the portfolio quality of the lender and the high level of attrition in the last six months are the two biggest concerns.
Chugh,
