Carol Furtado to take charge as Ujjivan SFB’s OSD from today

The committee of Ujjivan SFB, successful parallel, volition measure “suitable candidates” for the MD and CEO position, and taxable 2 names to the RBI for approval, the filing said.

The committee of directors of Ujjivan Small Finance Bank connected Wednesday approved the assignment of Carol Furtado arsenic the serviceman connected peculiar work (OSD). Furtado, who volition beryllium handling day-to-day operations from August 26, volition beryllium serving arsenic the OSD until outgoing MD & CEO Nitin Chugh is successful office.

Furtado volition instrumentality complaint arsenic the interim CEO, taxable to RBI approval, aft September 30. She was the CEO of Ujjivan Financial Services, the promoter of Ujjivan SFB. Talking to FE connected August 20, Ujjivan laminitis Samit Ghosh had said Furtado is the apical campaigner to go the interim CEO of the bank.

In a banal speech filing connected Wednesday, the slope said its committee “unanimously” approved the assignment of Furtado arsenic the OSD. The committee of Ujjivan SFB, successful parallel, volition measure “suitable candidates” for the MD and CEO position, and taxable 2 names to the RBI for approval, the filing said.

Ghosh, the communal manager connected Ujjivan SFB and Ujjivan Financial Services, said, “Carol has been our spell to idiosyncratic during immoderate large crisis. I americium definite she volition pb america retired of this Covid situation with flying colours. We bash not foresee immoderate near-term large issues successful the portfolio prime of the bank. With the proviso sum ratio of 75%, the highest successful the industry, we are precise good positioned.”

Ghosh said the slope is undertaking an “independent” portfolio prime and process audit. “We look towards streamlining the provisioning policy. We are assured of strengthening the organisation and look arsenic a stronger Ujjivan.”