Ujjivan Small Finance Bank announced the appointment of Satyaki Rastogi, GM, SIDBI, Bengaluru Office to its Board of Directors, effective December 23, 2021.
According to the bank’s exchange filing, “we hereby inform you that SIDBI vide its letter dated December 22, 2021, has appointed Mr. Satyaki Rastogi, General Manager, SIDBI, Bengaluru Office as a Nominee Director vice Ms. Chitra K. Alai on the Board of the Bank with immediate effect. Further, in terms of SIDBI Act, 1989 (As Amended), he shall not be liable to retire by rotation.”
Satyaki Rastogi currently holds the position of General Manager and Regional Head at Bengaluru Regional Office of SIDBI and has served in various capacities in SIDBI during his service spanning 27 years. His major experience is in the field of direct lending to MSMEs, Stressed Assets and NPA management.
Rastogi has spearheaded the policy initiatives taken by SIDBI to re-energize its Direct Credit Business and has worked in the areas of end to end digital lending platform, introduction of new products and new technology initiatives. He was also the Chief Vigilance Officer of the State Bank of Travancore. Further, He holds nominee directorships on the Boards of Kerala Financial Corporation and Fincare Business Services Limited and has held nominee directorship on the Board of Tamilnadu Industrial Investment Corporation Limited, the statement said.
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