Vinod Rai appointed as Chairman of Unity Small Finance Bank

Vinod Rai appointed as Chairman of Unity Small Finance Bank

Daily Current Affairs   /   Vinod Rai appointed as Chairman of Unity Small Finance Bank

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Category : Appointment/Resignation Published on: January 22 2022

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  • Vinod Rai, the former comptroller and auditor general of India, has been granted approval by the Reserve Bank of India to be appointed as the independent chairman of Unity Small Finance Bank (SFB), a joint venture between Centrum group and Bharat Pe.
  • Unity SFB started its operations in November last year after receiving a final nod from the central bank. 
  • The RBI gave this joint venture a small finance bank license to take over the beleaguered Punjab and Maharashtra Cooperative Bank.
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