Nitin Chugh appointed as Deputy Managing Director of State Bank of India

Daily Current Affairs / Nitin Chugh appointed as Deputy Managing Director of State Bank of India

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Category : Appointment/Resignation Published on: March 08 2022

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State Bank of India (SBI) has appointed former Ujjivan Small Finance Bank CEO Nitin Chugh as Deputy Managing Director (DMD) to drive digital banking operations.
He has been appointed to SBI for an initial term of three years.
Prior to this appointment, Chugh was CEO and managing director of Ujjivan Small Finance Bank.
He joined there from HDFC Bank where he served as the Group Head of Digital Banking.
Earlier, State Bank of India had also recently appointed a Chief Financial Officer (CFO) from the private sector.