Current Affairs - Finance - Discussion

Carol Furtado was appointed as the interim Managing Director (MD) and CEO of Ujjivan Small Finance Bank after receiving approval from the Reserve Bank of India on September 1, 2026. She was serving as the bank’s Executive Director before taking the interim leadership role. Her appointment is for three months or until a permanent successor is appointed. She replaced Sanjeev Nautiyal, who resigned citing health reasons and will formally retire on November 30, 2026. Ujjivan Small Finance Bank is headquartered in Bengaluru and began operations as a Small Finance Bank in February 2017 under the Banking Regulation Act, 1949.