Flipkart co-founder Sachin Bansal has resigned as Ujjivan Small Finance Bank director. The Bank in its regulatory filing informed that it received Bansal’s resignation letter dated January 27 and that the Board of Directors has taken note of it. He has been holding the role since May 2019. Bansal stepped down in the interest of propriety and to prevent conflict of interest arising out of the fact that his wholly-owned firm Navi Technologies has applied for a banking license.