New Delhi, Sept. 1 -- Ujjivan Small Finance Bank on Tuesday announced that its Chief Executive Officer Sanjeev Nautiyal has stepped down from his position with immediate effect, citing health-related reasons. Nautiyal, however, will formally retire at the end of November.

The bank said Nautiyal's tenure had helped strengthen several areas of its operations, including substantial expansion of its secured loan portfolio, a stronger deposit base, improved digital and analytics capabilities, and a more robust risk management and internal control framework, according to Moneycontrol.

Nautiyal, who took charge as the bank's chief executive in July 2024, sought early retirement on 31 August. His request included a three-month notice period and...