MUMBAI: Unity Small Finance Bank (SFB), promoted by Centrum and BharatPe groups, has said that the Reserve Bank of India (RBI) has cleared the appointment of former Comptroller and Auditor General (CAG) Vinod Rai as chairman. Unity SFB has been given a licence on the condition that it will work out a resolution for the failed Punjab & Maharashtra Cooperative (PMC) Bank.
“Driven by its mission to have the highest standards of corporate governance, Unity Bank endeavours to have a strong board to guide its journey towards becoming a successful digital bank,” it said in a statement. Other directors who are already on board include Sandip Ghose (RBI veteran), Basant Seth (former CMD of Syndicate Bank and deputy MD of Sidbi) and Subhash Kutte (former chairman of RBL Bank). Rai was earlier the chairman of IDFC, the parent of IDFC Bank.
“Driven by its mission to have the highest standards of corporate governance, Unity Bank endeavours to have a strong board to guide its journey towards becoming a successful digital bank,” it said in a statement. Other directors who are already on board include Sandip Ghose (RBI veteran), Basant Seth (former CMD of Syndicate Bank and deputy MD of Sidbi) and Subhash Kutte (former chairman of RBL Bank). Rai was earlier the chairman of IDFC, the parent of IDFC Bank.
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