Shivalik Small Finance Bank

1997

Beginning Of A Legacy
Shivalik Small Finance Bank was registered as a Co-operative Society under Uttar Pradesh Co-operative Societies Act, 1965. It was granted the license in the district of Saharanpur to conduct banking business as a Primary Urban Co-operative Bank by Reserve Bank of India.

2010

First Milestone
Shivalik Small Finance Bank achieves complete Core Banking (CBS) status and becomes the first and only multi-state cooperative bank of Uttar Pradesh with a deposit base of more than Rs 100 Crores.

2012

Expansion And Acquisition
Shivalik Bank expands to Indore after acquisition of Malwa Commercial Cooperative Bank Limited. The Bank also expands to Dhar after acquisition of Bhoj Nagarik Sahakari Bank Maryadit.

Vision

To be a trusted financial services provider and model employer focusing on small and underserved households through the delivery of digitally focussed affordable products and services and differentiated customer experience.

Values

Strong Relationship with Employees and Customers
- Building Trust and Long-Term Relationships
- Mutual Respect for One Another
- Going The Extra Mile
- Customer Service Oriented DNA

Socially Responsible
- Create Value for Society
- Financial Inclusion and Equality
- Financial Literacy
- for the Environment

Focussed on Future Readiness
- Digital First
- Innovation as a Virtue
- Agility and Speed
- Entrepreneurial Spirit

Being Ethical and Moral
- Honesty
- Transparency
- Integrity
- Reputation

Purpose

Socially responsible impact lender
Digital first approach across products and service offerings
Financial inclusion and increasing financial literacy
Innovator in financial products and processes
Aim to become a complete solution provider to our customers
Environment, social and governance (ESG) compliant
Create value for all stakeholders - Society, Employees, Customer, Organization and Shareholders in that order

Board of Directors

Always inspiring us and driving us towards success is a team that is determined, focused, exemplary and has constantly acted as our guiding light.

Mr. Shankar Aggarwal

Non-Executive Chairman

Mr. Shankar Aggarwal was an Indian Administrative Service officer Uttar Pradesh, (1980 Batch). He served as the Secretary Ministry of Labour & Employment and Secretary Urban Development, Government of India. Mr. Aggarwal has more than 16 years of experience at Joint secretary level and above in the field of Administration, Urban Development, Industrial Development, Defence, Information Technology, Labour, in the respective Ministries of Government of India. Mr. Aggarwal also has very rich experience of working in very senior positions in various depts of Govt. of Uttar Pradesh, especially in the area of finance, energy and industries.
Mr. Aggarwal is Postgraduate in Computer Technology Engineering, from IIT, Delhi and Graduate in Electronics & Communication Engineering from IIT, Roorkee.

Mr. K. Narasimha Murthy

Independent Director

Mr. K. Narasimha Murthy is a B.Sc., FCA and FCMA. He entered the profession of Cost & Management Accountancy in 1983. He has been associated with the development of Cost & Management Information Systems for more than 150 companies across more than 45 industries. He has been closely involved in turning around multiple large corporates, focusing on systems improvement with a cost optimization approach. He has been associated with more than 45 High Level Committees as Chairman / Member both at National & State Level.
Presently, he is on the Boards of National Stock Exchange (NSE), NELCO (A TATA Enterprise), Max Life Insurance Company Ltd., Max Healthcare Institute Ltd., Max Ventures & Industries Ltd., Max Specialty Films Ltd.,etc. Earlier he was associated as a Director with Oil and Natural Gas Corporation Ltd (ONGC), IDBI Bank Ltd, LIC Housing Finance Ltd, UTI Bank Ltd.(presently AXIS Bank), Member Board of Supervision NABARD, Unit Trust of India (UTI), Infiniti Retail Limited (TATA Croma), IFCI Ltd, STCI Finance Ltd. (Formerly Securities Trading Corporation of India Ltd.,), AP State Finance Corporation, APIDC Ltd.

Mr. Sudhakar Agarwal

Non-Independent Director

Mr. Sudhakar Agarwal is a B.Sc. and B. Pharma. He has vast experience in the field of Management and Corporate Governance. He is an entrepreneur and Director in one of the renowned Herbal Health care product Company for Veterinary and Human use.
Mr. Agarwal is the recipient of many national awards and international commendations, the crowning moment of his career came with the prestigious “National Award for “Manufacturing Outstanding Quality Products, National Award for “Outstanding Entrepreneurship in MSMEs” and National Award for "Outstanding R&D Achievements, conferred by the Government of India. He has published more than 15 research papers on medicinal plants and products. He was instrumental in implementing WHO GMP and Quality Management System and in obtaining first ever WHO GMP certification for any Herbal Veterinary Company from CDSCO, Delhi and in obtaining ISO-9001 certification from DNV, GMP+ certification from GMP Plus International, The Netherlands.

Suveer Kumar Gupta

Managing Director & Chief Executive Officer

Mr. Suveer Kumar Gupta is a B.Tech. (Electrical) Hons. from NIT, Kurukshetra. He joined the Bank in 1998 to support the vision of the Chairman and a keen entrepreneur himself. Under his leadership, the Bank has achieved a number of firsts including becoming the first and largest multi-state UCB in Uttar Pradesh and being the first bank in the country to transition to a Small Finance Bank. Through his deep focus on technology, Mr. Gupta has led the bank towards automation and tech driven services from the outset. His emphasis on customer matters has helped Shivalik remain customer centric over the years. Mr. Gupta joined the bank after having worked with Tata Consultancy Services (TCS).