- SBI appoints ex-Ujjivan Small Finance Bank CEO Nitin Chugh as Deputy Managing Director – State Bank of India (SBI) has appointed former Ujjivan Small Finance Bank CEO Nitin Chugh as Deputy Managing Director (DMD) for an initial term of three years. Nitin Chugh will help in driving digital banking operations.
- Chugh has served as CEO and managing director of Ujjivan Small Finance Bank.
- He also was a part of HDFC Bank where he served as the Group Head of Digital Banking.
- Chugh was appointed in Ujjivan Small Finance Bank in 2019 and resigned from the post in September 2021 due to personal reasons.
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