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Nitin Chugh to head Ujjivan SFB

Nitin Chugh, head, Digital Banking at HDFC Bank, has been picked up by Ujjivan Small Finance Bank to be its MD and CEO. He will join the bank in August and will work closely with current MD & CEO Samit Ghosh for a smooth transition before taking over the position on 1 December. Ghosh is slated to retire on 30 November. Ghosh said Chugh’s joining the bank will help it chase its ambition to become a mass market bank with digital push. He added that the bank intends to scale up from 4 million customers to 40 million in 7 years and this cannot be done without technology adaption. Chugh will bring in a lot of value to the table, he said. The Reserve Bank of India has approved the appointment which is for a period of 3 years.

mChugh, a career banker with over 25 years of experience, has been with HDFC Bank since April 2001. He has experience in retail banking sales and distribution (credit cards, retail assets, branch and phone banking), virtual relationship management and digital / direct marketing.

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