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Carol Furtado Named Interim CEO of Ujjivan SFB

4 September 20261 min read
BANKING & FINANCECarol FurtadoNamed InterimCEO of Ujjivan SFB4 September 2026safalsetu.com

Why in the news

Ujjivan Small Finance Bank needed a stop-gap chief after its head quit, and RBI cleared Carol Kripanayana Furtado for the interim role.

Key facts

  • Appointee: Carol Kripanayana Furtado, interim Managing Director and CEO of Ujjivan Small Finance Bank.
  • Approving authority: the Reserve Bank of India.
  • Term: three months, or earlier if a permanent successor takes charge.
  • Predecessor: Sanjeev Nautiyal, who stepped down on 31 August 2026.
  • Experience: close to thirty years across banks and NBFCs; earlier she headed Ujjivan Financial Services as CEO.

Exam angle

  • Who approves the appointment of a small finance bank’s chief: RBI.
  • Outgoing CEO: Sanjeev Nautiyal.
  • Her earlier post: CEO, Ujjivan Financial Services.

Test yourself

1. Who was approved by RBI as interim MD and CEO of Ujjivan Small Finance Bank?

RBI approved Carol Kripanayana Furtado for the interim role.

2. Whom did Carol Furtado succeed at Ujjivan Small Finance Bank?

She succeeded Sanjeev Nautiyal, who resigned on 31 August 2026.

3. What is the length of Furtado's interim term at Ujjivan SFB, unless a successor arrives sooner?

The term is three months or until a permanent successor is named.

This topic is part of Daily Current Affairs 4 September 2026 (19 topics).

All topics of the dayDay quizSeptember 2026

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