RBI approves appointment of Ittira Davis as MD & CEO of Ujjivan Small Finance Bank

New Delhi: January 13, 2022: Ujjivan Small Finance Bank today announced that it has received the RBI approval for the appointment of Mr. Ittira Davis as its Managing Director & CEO for a period of 1 (one) year. Mr Ittira Davis is a senior banker with over 40 years of rich experience having worked extensively in India, Middle East and Europe. He has been associated with Ujjivan since March 2015. His first pivotal assignment, as the Head of Transition, was to oversee successful transformation of a micro-finance institution into a…

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India celebrates Silver Jubilee of Nifty 50 Index and 20 Years of Derivatives in Indian Capital Markets

The Nifty 50 Index was launched on April 22, 1996 and has completed 25 successful years. The Index, which represents the 50 large capitalized and liquid stocks across 13 sectors, has grown 15 times in 25 years, delivering annualized returns over 25 years of 11.2%. Nifty 50 Index was the first underlying benchmark on which the first Exchange Traded Fund (ETF) was launched in India and was also the first Index in NSE’s derivatives market. As on Nov 30, 2021, Assets Under Management (AUM) of passive products tracking Nifty 50…

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