RBI approves re-appointment of Mr. Ittira Davis as MD and CEO of Ujjivan Small Finance Bank

CHENNAI: Ujjivan Small Finance Bank has received approval from the Reserve Bank of India to re-appoint Mr. Ittira Davis as its Managing Director & CEO for two years, starting January 14, 2023. Ujjivan SFB sought approval from the regulator for his re-appointment until January 2025.

Under his leadership, the bank delivered a record performance over last few quarters – strong pick-up in business volumes (both disbursements and deposits) and sustained improvement in collections leading to highest-ever quarterly profit of Rs. 294 crores in the second quarter of FY’23.

Mr. Davis has been associated with Ujjivan since March 2015. In his first pivotal assignment as the Head of Transition, his role was to oversee the successful transformation of a micro-finance institution into a small finance bank which included accessing the capital markets with a successful IPO.