Draft:Unity Small Finance Bank

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

This draft's references do not show that the subject qualifies for a Wikipedia article. In summary, the draft needs multiple published sources that are:

in-depth (not just brief mentions about the subject or routine announcements)
reliable
secondary
strictly independent of the subject

Make sure you add references that meet all four of these criteria before resubmitting. Learn about mistakes to avoid when addressing this issue. If no additional references exist, the subject is not suitable for Wikipedia.

If you would like to continue working on the submission, click on the "Edit" tab at the top of the window.
If you have not resolved the issues listed above, your draft will be declined again and potentially deleted.
If you need extra help, please ask us a question at the AfC Help Desk or get live help from experienced editors.
Please do not remove reviewer comments or this notice until the submission is accepted.

Where to get help

If you need help editing or submitting your draft, please ask us a question at the AfC Help Desk or get live help from experienced editors. These venues are only for help with editing and the submission process, not to get reviews.
If you need feedback on your draft, or if the review is taking a lot of time, you can try asking for help on the talk page of a relevant WikiProject. Some WikiProjects are more active than others so a speedy reply is not guaranteed.

How to improve a draft

Wikipedia:Contributing to Wikipedia – a basic overview on how to edit Wikipedia.
Help:Wikitext – how to use the markup
Help:Referencing for beginners – how to include references
Wikipedia:Article development – how to develop your article
Wikipedia:Writing better articles – how to improve your article
Wikipedia:Verifiability – make sure your article includes reliable third-party sources

You can also browse Wikipedia:Featured articles and Wikipedia:Good articles to find examples of Wikipedia's best writing on topics similar to your proposed article.

Improving your odds of a speedy review

To improve your odds of a faster review, tag your draft with relevant WikiProject tags using the button below. This will let reviewers know a new draft has been submitted in their area of interest. For instance, if you wrote about a female astronomer, you would want to add the Biography, Astronomy, and Women scientists tags.

Add tags to your draft

Editor resources

Easy tools: Citation bot (help) | Advanced: Fix bare URLs

Declined by DoubleGrazing 2 months ago. Last edited by Citation bot 2 months ago. Reviewer: Inform author.

Resubmit

Please note that if the issues are not fixed, the draft will be declined again.

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 Reserve Bank of India approved the re-appointment of Inderjit Camotra as the Managing Director and Chief Executive Officer of Unity Small Finance Bank. Under his leadership, the bank manages a deposit base exceeding ₹8,000 crore and a loan book over ₹8,500 crore.

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

Re-appointment of MD & CEO The Reserve Bank of India approved the re-appointment of Inderjit Camotra as the Managing Director and Chief Executive Officer of Unity Small Finance Bank. Under his leadership, the bank manages a deposit base exceeding ₹8,000 crore and a loan book over ₹8,500 crore.

Technology and Digital Banking

Technology and Digital Banking Unity SFB has invested in digital banking services, offering mobile and internet banking to enhance accessibility for customers. The bank provides online account management, fund transfers, and customer support through its website and mobile app.

Financial Performance and Ratings

Financial Performance and Ratings In June 2024, credit rating agency ICRA upgraded Unity Small Finance Bank’s long-term rating to [ICRA]A (Stable), citing strong growth, a well-established deposit base, and improved profitability metrics. ^[7]In the quarter ending September 2023, Unity Small Finance Bank reported a net profit of ₹137.73 crore, a 155% increase from ₹53.97 crore in the same period the previous year. The total income rose to ₹360.5 crore from ₹210.46 crore year-over-year. Additionally, gross non-performing assets (NPA) decreased to 5.5% from 56.29%, and net NPA fell to 0.43% from 5.95% over the same period.^[8]

Re-appointment of MD & CEO

The Reserve Bank of India approved the re-appointment of Inderjit Camotra as the Managing Director and Chief Executive Officer of Unity Small Finance Bank. Under his leadership, the bank manages a deposit base exceeding ₹8,000 crore and a loan book over ₹8,500 crore.^[9]

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.
^ "RBI okays re-appointment of Unity Small Finance Bank's MD". Moneycontrol. Archived from the original on 2024-08-07. Retrieved 2025-03-10.
^ "Senior Banker, Inderjit Camotra Appointed MD & CEO Of Unity Small Finance Bank". BW People. Retrieved 2025-03-10.
^ ICRA, Affiliates. {{cite book}}: Missing or empty |title= (help)
^ "Unity Small Finance Bank Q2 profit jumps 155% to Rs 138 crore". Moneycontrol. Archived from the original on 2023-11-12. Retrieved 2025-03-10.
^ https://www.moneycontrol.com/news/tags/unity-small-finance-bank.html. {{cite web}}: Missing or empty |title= (help)

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] "RBI okays re-appointment of Unity Small Finance Bank's MD". Moneycontrol. Archived from the original on 2024-08-07. Retrieved 2025-03-10.

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

[7] ICRA, Affiliates. {{cite book}}: Missing or empty |title= (help)

[8] "Unity Small Finance Bank Q2 profit jumps 155% to Rs 138 crore". Moneycontrol. Archived from the original on 2023-11-12. Retrieved 2025-03-10.

[9] ttps://www.moneycontrol.com/news/tags/unity-small-finance-bank.html. {{cite web}}: Missing or empty |title= (help)

[1]

[2]

[3]

[4]

[5]

[6]

[7]

[8]

[9]