Synopsis
About 68% of the Rs 14,000-crore loan portfolio is still in the unsecured microfinance space at Ujjivan, where chief executive Nitin Chugh unexpectedly quit last week, capping off a raft of top-level exits at the lender that went public in 2019.
From being among the best workplaces in Asia in 2019 to negotiating a talent-retention challenge two summers later, the journey hasn’t been enviable lately for Ujjivan Small Finance Bank. The microfinance-centric lender appears to have notched up poor scores on two crucial touchstones: HR and risk management.
About 68% of the Rs 14,000-crore loan portfolio is still in the unsecured microfinance space at Ujjivan, where chief executive Nitin
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