SBI News: SBI appoints ex-Ujjivan Small Finance Bank CEO Nitin Chugh as DMD

State Financial institution of India (SBI) has appointed former Ujjivan Small Finance Financial institution CEO Nitin Chugh as Deputy Managing Director (DMD) to drive digital banking operations.

He has been appointed for an preliminary time period of three years, sources stated.

Previous to this appointment, Chugh was CEO and managing director of Ujjivan Small Finance Financial institution. He joined there from HDFC Financial institution the place he served because the Group Head of Digital Banking.

Chugh, who joined Ujjivan Small Finance Financial institution in 2019, give up the financial institution in September final 12 months citing private causes.

SBI had invited purposes for the place in December.

In response to a public discover by SBI, the place can be accountable for envisioning, growing and in execution of financial institution’s digital banking technique and marketing strategy for imparting digital data/abilities in a constructive, empowering and collaborative approach.

Earlier, the financial institution had employed Chief Finance Officer (CFO) from the personal sector.

An e-mail despatched to SBI on this regard didn’t elicit any quick response.