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{{Short description|It is a Small finance bank recognised under Reserve Bank of India.}}
{{Draft topics|south-asia|business-and-economics}}
{{AfC topic|org}}
Unity [[Small finance bank|Small Finance Bank]] is a small finance bank that commended the operations from on November 2021. It is the 12th small finance [[Banking in India|bank in India]].
== History ==
The [[Reserve Bank of India]] granted a small finance bank license to Centrum Financial Services in October 2021.<ref>{{Cite web |title=Unity Small Finance Bank: Personal & Business Banking {{!}} Digital Bank |url=https://theunitybank.com/ |access-date=2025-03-10 |website=theunitybank.com}}</ref><ref>{{Cite web |title=Reserve Bank of India - Press Releases |url=https://www.rbi.org.in/scripts/FS_PressRelease.aspx?prid=52496 |access-date=2025-03-10 |website=www.rbi.org.in}}</ref> The formation of Unity Small Finance Bank was part of an RBI-led resolution plan for the crisis-hit [[Punjab and Maharashtra Co-operative Bank|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 [[BharatPe|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. [https://www.moneycontrol.com/news/business/banks/rbi-okays-inderjit-camotras-re-appointment-as-md-ceo-of-unity-small-finance-bank-12785921.html The present MD and CEO is Inderjit Singh Camotra.]<ref>{{Cite web |date=2024-10-22 |title=Unity Bank to explore IPO in two-three years: MD |url=https://www.financialexpress.com/market/ipo-news-unity-bank-to-explore-ipo-in-two-three-years-md-3645974/ |access-date=2025-03-10 |website=Financialexpress |language=en}}</ref><ref>{{Cite web |title=RBI okays Inderjit Camotra�s re-appointment as MD & CEO of Unity Small Finance Bank |url=https://www.moneycontrol.com/news/business/banks/rbi-okays-inderjit-camotras-re-appointment-as-md-ceo-of-unity-small-finance-bank-12785921.html |archive-url=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 |archive-date=2024-08-07 |access-date=2025-03-10 |website=Moneycontrol |language=en-US}}</ref><ref>{{Cite web |title=Senior Banker, Inderjit Camotra Appointed MD & CEO Of Unity Small Finance Bank |url=https://www.bwpeople.in/article/senior-banker-inderjit-camotra-appointed-md-ceo-of-unity-small-finance-bank-442735 |access-date=2025-03-10 |website=BW People |language=en}}</ref>
== References ==<!--Inline citations added to your article will automatically display here. See en.wikipedia.org/wiki/WP:REFB for instructions on how to add citations.-->
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{{Banking in India}}
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