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Unity SFB appoints interim CEO Camotra as MD & CEO

Unity Small Finance Financial institution (USFB) has appointed Inderjit Camotra, as its Managing Director & Chief Govt Officer.

The Financial institution, in an announcement, stated: “His appointment has been accredited by the Reserve Financial institution of India (RBI) and Unity Financial institution’s Board.”r Previous to this appointment he was interim CEO of the Financial institution.

Camotra has over 25 years of expertise as a Banker in management positions at Normal Chartered Financial institution, ANZ and Citibank, it added.

Jaspal Bindra, Govt Chairman, Centrum Group stated, “ The banking enterprise is very aggressive and dynamic and I’m assured that together with his management and confirmed observe document, the Financial institution will obtain important progress.”

USFB has been promoted by Centrum Monetary Providers (Centrum Group) with Resilient Improvements (BharatPe) as joint investor. The Financial institution commenced operations in November 2021, with a capital infusion of about ₹1,100 crore, whole property of about ₹2,400 crore and an energetic buyer base of over 2 lakh.

The amalgamation of the scam-hit Punjab and Maharashtra Co-operative Financial institution with USFB got here into drive with impact from the date of the notification of the “Scheme of Amalgamation” — January 25, 2022. All of the branches of the PMC Financial institution began functioning as branches of Unity Small Finance Financial institution Ltd. with impact from this date.

Revealed on

August 06, 2022

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