The Reserve Financial institution of India (RBI) has authorized the re-appointment of Inderjit Camotra as MD and CEO of Unity Small Finance Financial institution for 2 years.
Below his management, the financial institution has constructed a deposit base of over ₹8,000 crore, a mortgage e-book of over ₹8,500 crore and a community of about 400 banking retailers and workplaces throughout 21 States and UTs in India, per a Unity SFB assertion.
Previous to being appointed as head of Unity SFB, Camotra was Government Director with Centrum Monetary Providers Ltd/CFSL (Promoter Entity of Unity Financial institution).
RBI had granted in-principle approval to CFSL to arrange an SFB as part of the revival/reconstruction of the erstwhile Punjab and Maharashtra Co-operative Financial institution in June 2021. The licence to arrange the SFB was issued in October 2021. The financial institution commenced operations in November 2021. BharatPe acquired a 49 per cent stake in Unity SFB whereas CFSL holds 51 per cent .
