Draft:Unity Small Finance Bank

Submission declined on 10 March 2025 by DoubleGrazing (talk).

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Declined by DoubleGrazing 3 months ago. Last edited by DoubleGrazing 3 months ago. Reviewer: Inform author.

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Unity Small Finance Bank is a small finance bank that commended the operations from on November 2021. It is the 12th small finance bank in India.^[1]

History

The Reserve Bank of India granted a small finance bank license to Centrum Financial Services in October 2021.^[2]^[3] The formation of Unity Small Finance Bank was part of an RBI-led resolution plan for the crisis-hit Punjab and Maharashtra Cooperative (PMC) Bank. In June 2021, RBI approved centrum financial services limited's bid to take over the Punjab and Maharastra Co-operative Bank. Centrum financial services along with BharathPe fintech support helped the formation of Unity Small Finance Bank. It officially began on November 2021.

The bank's head quarter is in Mumbai. The present MD and CEO is Inderjit Singh Camotra.^[4]^[5]^[6]

References

^ "12 Best Small Finance Banks in India | AU Small Finance Bank". www.aubank.in. Retrieved 2025-03-10.
^ "Unity Small Finance Bank: Personal & Business Banking | Digital Bank". theunitybank.com. Retrieved 2025-03-10.
^ "Reserve Bank of India - Press Releases". www.rbi.org.in. Retrieved 2025-03-10.
^ "Unity Bank to explore IPO in two-three years: MD". Financialexpress. 2024-10-22. Retrieved 2025-03-10.
^ [http://web.archive.org/web/20240807102659/https://www.moneycontrol.com/news/business/banks/rbi-okays-inderjit-camotras-re-appointment-as-md-ceo-of-unity-small-finance-bank-12785921.html "RBI okays Inderjit Camotra�s re-appointment as MD & CEO of Unity Small Finance Bank"]. Moneycontrol. Archived from the original on 2024-08-07. Retrieved 2025-03-10. {{cite web}}: replacement character in |title= at position 27 (help)
^ "Senior Banker, Inderjit Camotra Appointed MD & CEO Of Unity Small Finance Bank". BW People. Retrieved 2025-03-10.

References

[1] "12 Best Small Finance Banks in India | AU Small Finance Bank". www.aubank.in. Retrieved 2025-03-10.

[2] "Unity Small Finance Bank: Personal & Business Banking | Digital Bank". theunitybank.com. Retrieved 2025-03-10.

[3] "Reserve Bank of India - Press Releases". www.rbi.org.in. Retrieved 2025-03-10.

[4] "Unity Bank to explore IPO in two-three years: MD". Financialexpress. 2024-10-22. Retrieved 2025-03-10.

[5] [http://web.archive.org/web/20240807102659/https://www.moneycontrol.com/news/business/banks/rbi-okays-inderjit-camotras-re-appointment-as-md-ceo-of-unity-small-finance-bank-12785921.html "RBI okays Inderjit Camotra�s re-appointment as MD & CEO of Unity Small Finance Bank"]. Moneycontrol. Archived from the original on 2024-08-07. Retrieved 2025-03-10. {{cite web}}: replacement character in |title= at position 27 (help)

[6] "Senior Banker, Inderjit Camotra Appointed MD & CEO Of Unity Small Finance Bank". BW People. Retrieved 2025-03-10.

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