The Reserve Bank of India (RBI) has given the green light for Inderjit Camotra to continue as Managing Director (MD) and Chief Executive Officer (CEO) of Unity Small Finance Bank (SFB) for another two years.
Under his leadership, Unity SFB has achieved significant milestones, including amassing a deposit base of over Rs 8,000 crore and a loan book exceeding Rs 8,500 crore. In addition, the bank has expanded its footprint to include approximately 400 banking outlets and offices across 21 states and Union Territories (UTs) in India, according to a statement from Unity SFB.
Before taking the helm at Unity SFB, Camotra served as Executive Director (ED) at Centrum Financial Services, the promoter entity of Unity Bank.
In June 2021, the RBI granted CFSL in-principle approval to establish a SFB as part of the revival and reconstruction efforts of the former Punjab and Maharashtra Co-operative Bank. The official licence to set up Unity SFB was issued in October 2021, and the bank began operations in November 2021.
Currently, BharatPe holds a 49 per cent stake in Unity SFB, while CFSL retains a 51 per cent share.
