"There has been a high level of attrition among a lot of our people who are business leaders over the last six months to a year in Ujjivan. We were very concerned about that because these people are the ones who built Ujjivan."
"There has been a high level of attrition among a lot of our people who are business leaders over the last six months to a year in Ujjivan. We were very concerned about that because these people are the ones who built Ujjivan."
“We are keenly watching what happens to Equitas in the reverse merger process because they are ahead of us and we will follow suit. But our process will start in November and once our approval is there by February, it will take another 9 to 12 months before merger," says the founder of Ujjivan Financial Services.
Nitin Chugh, Managing Director and CEO, Ujjivan Small Finance Bank - BusinessLine×
Widespread infection and localised lockdowns have hit credit demand, says Nitin Chugh, MD and CEO
Even as the second wave of Covid-19 infections affects collection efficiencies and hampers credit demand, Ujjivan Small Finance Bank is hopeful of a recovery by June-end.
“We are hopeful that now that cases have started to decline, the situation should become normal in another 30 days or by the end of June, and there would be a gradual restoration of business activities, including in rural areas,” said Nitin Chugh, Managing Director and CEO, Ujjivan SFB.
Ittira Davis resigns as CEO of Ujjivan Financial Services
March 12, 2021
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Ittira Davis has resigned as the MD and CEO of Ujjivan Financial Services Limited (UFSL) to take up a proposed directorship role on the board of Ujjivan Small Finance Bank Limited.
In a regulatory filing to exchanges, the company said that with the resignation of Davis, the company has appointed Samit Ghosh, the existing Non-Executive Chairman, as the MD and CEO of the company, with effect from May 1, and his appointment will be effective only on receipt of prior approval of the shareholders by way of special resolution since he is over 70 years of age.