Ujjivan Small Finance Bank has appointed Carol Furtado as executive director for three years with effect from May 1. The Reserve Bank of India has approved the appointment. Ms Furtado has been with the bank since its inception and assumed various key positions including chief human resource officer, head of operations and service quality and chief business officer. She was a key member of the leadership team that laid the foundation of Ujjivan.

Furtado has over 29 years of banking experience in retail banking and non-banking finance company domains. She was instrumental in the organisation?s transition from NBFC-MFI to a small finance bank. A post graduate from Mount Carmel Institute of Management, Bangalore, she had previously worked with the ANZ group, Bank Muscat and Centurion Bank.