Comments
The Reserve Bank of India (RBI) has approved the re-appointment of Inderjit Camotra as MD and CEO of Unity Small Finance Bank for two years.
Under his leadership, the bank has built a deposit base of over ₹8,000 crore, a loan book of over ₹8,500 crore and a network of about 400 banking outlets and offices across 21 States and UTs in India, per a Unity SFB statement.
Prior to being appointed as head of Unity SFB, Camotra was Executive Director with Centrum Financial Services Ltd/CFSL (Promoter Entity of Unity Bank).
RBI had granted in-principle approval to CFSL to set up an SFB as a part of the revival/reconstruction of the erstwhile Punjab and Maharashtra Co-operative Bank in June 2021. The licence to set up the SFB was issued in October 2021. The bank commenced operations in November 2021. BharatPe acquired a 49 per cent stake in Unity SFB while CFSL holds 51 per cent .
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.