Shivalik celebrated its second anniversary on 26th April’23 with a live address from MD and CEO and an online campaign #IamShivalik with stories of vintage and youngest employees. Award distribution for Long service followed by Rewards & recognition for employees of the year and many more took place with a cake cutting ceremony.
Haridwar, 25th April 2023
Shivalik Small Finance Bank expands its footprint with the opening of a new branch in Haridwar, Uttarakhand. This location will mark the 52nd branch of the bank. The new branch was inaugurated by Mr P.L Shah, ADM-E of Haridwar along with Gaurav Mittal, Chief Operating Officer, Shivalik Bank in the presence of senior management of the bank.
Dehradun, 18th April 2023
Shivalik Small Finance Bank inaugurated its new branch in Dehradun, Uttarakhand on 18th April 2023. With this, the bank has taken an important step towards delivering its banking services to residents of Dehradun and promoting financial inclusion. With the opening of this Branch, Shivalik Small Finance Bank now has 51 bank branches across the country including Branches, and Unbanked Rural Centers and 75 Business Correspondent Branches.
Noida, 7th April
An insurance business drive ‘Beat The Heat’ was launched in Q2 of FY 22-23 where all the qualifiers attended an international training convention in Phuket. 27 employees were awarded for qualifying for the R&R.
Noida, Nov 14th, 2022
Shivalik Bank invited children of our team members to office. The day was filled with variety of fun activities like magic show, photo booth, games and dance.
Ghaziabad, Nov 14th, 2022
Ambheta, Nov 10th, 2022
Shivalik Small Finance Bank organised a Financial Literacy and Digital Awareness Camp in Ambheta, Uttar Pradesh to spread awareness about the importance of financial literacy among students.
Nanauta, Nov 07th, 2022
Noida, Nov 02nd, 2022
Noida, Sep 8th, 2022
Shivalik bank organized an HNI customer meet at the newly relocated Sector 18, Noida branch on September 8th , 2022. The event began with lamp lightening by the customers. The branch team discussed various products with customers and feedback was taken for the services being taken by the customers.
Noida, Aug 27th, 2022
Aug 15th, 2022
Shivalik bank celebrated 75th Independence Day at HO & branches with lots of fun, flavour and stories of valour. Office Decoration with balloons made it impactful to channelize essence of independence. Best dressed competition for employees to dress in tri colour made the office colourful. There was quiz competition with questions based on Indian history of independence, patriotic songs sung by employees and few thoughts shared by CRO and CHRO too. Awards for the winners of quiz & best dressed employees were given.
Saharanpur, Sep 06th, 2022
On the occasion of Teacher’s Day, Branch Banking team at Saharanpur led by Divya Sethi felicitated Principals and Professors of J.V. Jain College and Maharaj Singh College, Saharanpur.
Saharanpur, July 18th , 2022
Shivalik Bank has sourced its first relationship with Government Institute i.e., University Account in the name of Maa Shakumbhari University with ICV of Rs. 1.90 Crore. It certainly opens a gateway into government institutional banking giving the potential of the sector. Maa Shakumbhari University is a State University in Saharanpur, Uttar Pradesh, India established by The Uttar Pradesh State Universities Act, 2019 and it has a big name in itself.
Noida, July 15th, 2022
The Bank sponsored an event for a women’s club at Noida on 15th July’22. The event had a gathering of around 1000-1200 HNI customers. Shivalik team interacted with various customers to discuss deposits, locker and insurance services. This sponsorship also gave an opportunity to spread awareness about the bank and products and services.
Noida, July 8th, 2022
Anshul Swami - MD & CEO recognised branch staffs for their Q1 performance. Best performers got recognised with certificate of appreciation. The occasion was also marked with the presence Gaurav Mittal – COO and Head of Branch Banking – Divya Sethi
The following team members were recognised for their special contribution:
Deepanshi Sharma (Branch Head – Noida 45 Branch) : She recently got promoted as Branch Head and in very short period she completed her branch Insurance targets as well as growth in CASA figures.
Pankaj Sharma (Branch Head – Noida 27 Branch) : 1st time in NCR, Retail Loan disbursed for Rs. 200 Lac which is remarkable He also got the deposits of Rs. 500 Lac by his regular follow ups with the customer. His approach of customer first has helped him to achieve this and his Q1 insurance targets.
Mahendra Joshi (Branch Head – Noida 135 Branch): He has given extra ordinary performance in Q1 & got deposits of Rs. 500 Lacs.
Deepak Rai (Cluster Head – NCR): He has joined recently and in Q1 his performance has witnessed a growth in Insurance, CASA & disbursement.
It all started when we marked our presence in the history of Indian banking on April 26th, 2021, when we became India’s first Co-operative Bank to transition to a Small Finance Bank.
We have completed the First year of our never-ending journey towards unlimited success and growth.
Our first anniversary themed as “#IAMSHIVALIK” and “Rishton Ki Dor, Tarakki Ki Aur” was an eventful day celebrated with our employees. The vibe of celebration started a week before where employees clicked selfies for a contest “#IAMSHIVALIK”. The day started with a quiz contest on “Shivalik”
Employees wore Shivalik colours, followed by CXO webcast by Mr. Suveer Kumar Gupta where he handed over the baton to our new MD & CEO, Mr. Anshul Swami and announcement of the winners of the selfie contest “#IAMSHIVALIK” and Shivalik Quiz.
#IAMSHIVALIK Selfie Contest Winners: Team Ujjain and Team Khatauli
Quiz Contest Winner: Deepak Rai, Deputy Cluster Head The event concluded with snacks for all our employees at various locations and a gala event for all our customers who made it possible for Shivalik to be what Shivalik is Today.
Noida, April 19th, 2022
At Shivalik, we have always looked to the future with the aim to make it better and brighter and work towards our purpose of becoming a complete solution provider to our customer. It is our constant endeavour to present simple products and propositions to help customers make better financial decisions.
In line with this, we are delighted to launch Tax Saver Fixed Deposits, an investment option that allows the customer to enjoy a tax deduction of up to Rs. 1.5 lakhs. We are sure this product will not only help boost our deposit portfolio but also help our customers to meet their evolving needs.
We have launched IVR facility for all our customers brings in a multitude of benefits for both business and customers. A Simple, yet powerful and efficient solution, IVR can smartly & easily automate the process, save time, reduce cost and save the customer agents from high volumes of calls.
In addition to that, setting up an automated response system to relay information gets customers the answers they need without even speaking to a live agent. IVR system allows customers 24*7 access to account related information and services by just dialling a toll free number, aiming to have an efficient customer engagement & support system to address customer needs instantly.
Shivalik Bank launched NCD Series IV from 2 nd March to 11 th March 22. Objective for this was to enrich lower tier II capital of the Bank (as defined by RBI guidelines) and over all capital of the issuer for strengthening its capital adequacy ratio and for enhancing its long-term resources. This will be subject to the discount applied in calculating the CRAR as per the extant guidelines of the RBI for such instruments.
Bank has raised INR 8.50 Crore of NCD from retail customers and Saharanpur-I cluster topped the chart with INR 510 Lakhs of NCD followed by Meerut cluster with INR 115 Lakhs of NCD. Hakikat Nagar branch was on top with INR 310 Lakhs of NCD followed by Ansari Road branch with INR 90 Lakhs of NCD. Special mention to Himanshu Garg for leading from the front and sourcing approx. INR 2.20 Crore of NCD.
If everyone is moving forward together, then success takes care of itself.
Despite facing issues like lockdown, our Asset Sales team has achieved phenomenal milestone of crossing 100 Crore disbursement in the month of January, HIGHEST EVER.
The Senior Management team encouraged Risk, Credit and Technology teams alongside Assets Sales and Branch Banking teams to think out of the box to do experiments which may be necessary for the experience to create growth and new opportunities.
Finance/MIS
Triloki has gone the extra mile in ensuring that all kinds of customized reports required for decision making are made available to the senior management and other business stakeholders of the bank timely & accurately.
Being a vertical head, he also motivates and guides his team members to learn newer skill sets which would aid them to contribute more effectively and efficiently.
February 09, 2022
Comprising of three women members, brings in industry leaders with a diverse mix of experience in various sectors
Noida, 9 th February 2022: Shivalik Small Finance Bank (SSFB) completed onboarding of six new members, including three women members to its Board of Directors. The bank started with the appointment of members to the board of directors since April 2021 and has since then onboarded notable and distinguished names such as Mr. Shankar Aggarwal, Mr. K. Narasimha Murthy, Mr. Arun Kumar Gupta, Ms. Arundhati Mech, Dr. Shalini Lal and Ms. Veena Hingarh as Independent Directors.
"We are delighted to welcome the six new Independent Directors to the Board of SSFB. The individuals bring with them global experience in driving significant business growth, extensive knowledge across industries such as Technology, Audit, Risk, HR, Legal, Banking and Compliance, along with professional expertise in advising large international organisations. That would be helpful, as we continue to build and grow Shivalik," said Mr. Suveer Kumar Gupta, MD & CEO, Shivalik SFB.
Mr. Shankar Aggarwal has been appointed as an Independent Director at SSFB, prior to this he served as the Secretary Ministry of Labour & Employment and Secretary Urban Development, Government of India. Mr. Aggarwal has more than 35 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.
Ms. Arundhati Mech has been appointed as an Independent Director at SSFB, prior to this she served as the Chief General Manager & Regional Director, Reserve Bank of India. She brings with her over 35+ years of experience in Central Banking from mid-level to senior-level roles. She has demonstrated leadership ability in diverse environments with experience that covers Regulatory oversight and compliance in areas of governance, currency management, payment systems, human resource management, logistics and disaster management amongst others. Ms. Mech led the Southern Zone through the demonetization period.
Dr. Shalini Lal has been appointed as an Independent Director of the bank. She is also a Global Fellow in Talent Management from Wharton. Her 25+ years of experience includes roles such as Chief of Organizational Development & Change at Bharti Televentures, Global Head – Talent and Development at Deutsche Bank and Chief Human Resources Officer at Escorts Agri amongst other senior roles with other reputed companies. In her more current role, Dr. Lal is Founder and CEO of Unqbe, an educational and advisory firm around the ‘Future of Work’. She hosts the "Future of Work Show" on LinkedIn, where she moderates conversations with leading global academics, practitioners, and thinkers around different future trends. She is also a published author (The Secret Life of Organizations, Hachetter India).
Ms. Veena Hingarh will serve as an Independent Director and has over 20 years of rich and diverse experience in consulting. She is among a few from India who has had the privilege to address the World Accounting Forum. Her distinguished professional career includes roles of Associate Consultant with Moody’s Analytics, Fitch Learning, KPMG Middle East. Informa Inc and Ken Knowledge Singapore.
Mr. K. Narasimha Murthy is a B.Sc., FCA and FCMA and will serve as an Independent Director at SSFB. He entered the profession of Cost & Management Accountancy in 1983 and has been associated with the development of Cost & Management Information Systems for more than 150 companies across over 45 industries.
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., AP State Finance Corporation and APIDC Ltd.
Mr. Arun Kumar Gupta has been appointed as an Independent Director on the Board of the bank and is an accomplished Indian Police Service Officer. He has served as the Director General and Inspector General of Prisons, West Bengal. His other positions in his 35+ years of professional experience include roles such as Additional Director General, Administration and Traffic, West Bengal and D.I.G Central Bureau of Investigation.
The Board of Directors of Bank has expanded to eight members of which six are Independent Directors, bringing in expertise of varied fields. The other Directors on the Board of the Bank are Mr. Suveer Kumar Gupta, Managing Director & CEO and Mr. Sudhakar Agarwal, Non-Independent Director.
February 14, 2022
A new vertical Financial Institutional Group ( FIG ) was set up in Q2 2021 to mobilize deposits from institutions such as Cooperative Banks, Trusts, Associations, and Societies. FIG has seen upward momentum since its inception and continuous efforts of the team are visible in the growing deposit base. The vertical started with a deposit of 4 Cr in October 2021 which increased to 66 Cr by early February 2022. This phenomenal growth story is incomplete without mentioning the frontline team who has worked really hard to make this happen. The key individuals are Gaurav Maheshwari, DCH – SRE, Himanshu Garg, CH – SRE, Deependra Verma, CH – MP and Abhishek Tiwari, CH – LKO.
The business team were well supported by head office teams. Operation Team (Ravi Ratnakar, Saurabh Aggarwal, Mahesh Bhandari and Kawal Kohli ), Technology Team (Ankit Khare and Gurpreet Singh ), Treasury and Compliance Team (Harish Bhatia, Pradeep Shukla and Shruti Pandey).
December 27-January 7, 2022
It’s a good feeling when someone says thankyou and the power of gratitude in the workplace can be hugely significant. It can improve productivity, create happier workforce and build strong relationships which is the key to success for organisation. Keeping this objective in mind Shivalik Celebrated “ Gratitude Week” to encourage employees to express appreciation towards one another by exchanging ‘Praise Cards’.
Most of the employees participated in this program which resulted in quite a happy and motivated work environment. Employees felt deeper connection amongst each other as well as with the work they were doing. And the professional bond between them and organisation became stronger.
Noida, December 29, 2021
The Bank launched online service for repayment of loans. Term loan customers can use multiple online payment channels such as Debit Card, Internet Banking, UPI to make their loan repayments instantly from the comfort of home or offices.
Noida, December 27, 2021
Shivalik has received third tranche of financing from the Reserve Bank of India under SLTRO scheme. The scheme is aimed to provide support to small business units, micro and small industries, and other unorganised sector entities which were adversely affected during the pandemic.
Mr Ankit Khare, Head Technology recognised the following team members at Head Office:
Sakshi Sharma - Technology Analyst
Priyanka Bhadauria - Manager
Murari Lal - Chief Manager
Pradeep Kumar Sharma – Deputy Manager
Mukesh Kumar – Senior Executive
Shailendra Gour – Senior Executive
Ravi Kumar – Technology Analyst
December 25, 2021
Our Bank has been driving “Policy of Care” and “One Customer One Policy” initiative to deepen penetration of insurance products. The Bank clocked highest ever premium collected of Rs One Crore, across life, health and general category in December 2021. Bank in collaboration with our corporate insurance partner, Bharti AXA organised an offsite event to facilitate winners of insurance sales contest.
December 24,2021
Shivalik employees celebrated Christmas Day while unfolding over 500 “Secret Santa” gifts to each other. Employees were encouraged to send secret gifts to fellow colleagues to make them feel special.
Noida, December 21 to 24, 2021
Chief Human Resources Officer, Head Collections and Head Insurance recognised various team members as per of the EDGE campaign launched to recognise and value the efforts of various team.
The following team members were recognised:
Rajni Sharma – Executive (HRBP)
Nidhi Singh- Consultant (Recruitment)
Neha Tiwari – Executive (Learning & Development)
Jagbir Giri – Sr. Executive, Meerut
Sandeep Pal- Deputy Cluster Recovery Manager, Gangoh
Saurabh Gupta – Sr. Executive, Deoband
December 18, 2021
In association with Sarthak Prayas, Shivalik Bank aims to bring joy in the lives of underprivileged children and senior citizens by placing a wish tree at Noida Head Office. Employees can choose to fullfill any of the wishes tagged on the wish tree.
December 16, 2021
Technology team released online debt card pin generation facility and loan repayment facility for internal testing and validation by the business teams. Online debit card pin generation will allow customers to instantly generate PIN thereby removing the need to visit Shivalik ATM. Online repayment of loan facility will allow term loan customers to make payments in loan accounts through various digital channels including website, UPI, and e-mandate facility.
Saharanpur, December 15, 2021
Mr Shreyansh Srivastava, Head Asset Sales recognised the following asset sales team members in Saharanpur cluster. The following team members were recognised:
Mr Aman Pal, Sr Executive, Gangoh
Mr Vinesh Kumar, Executive, Shamli
December 10, 2021
The bank received first tranche of refinance funding to the tune of Rs 50 Crores from National Bank for Agriculture and Rural Development (NABARD) under long term category for a tenor of 2 years and 11 months. This will help in lowering the overall cost of funds and will also allow the bank to offer more competitive rates of interest on lending products to its customers.
The HR function launched an employee Reward & Recognition (R&R) Program titled EDGE. The program is aimed to build organizational culture where good work done by employees is valued and efforts are recognized. Recognition is a continuous process as is effort. Therefore, both formal and informal rewards have been introduced and all formal award nominations are reviewed by a dedicated R&R committee The program aims to promote the following behaviors:
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