Over 50% PMC depositors have stayed with Unity: Centrum Group's Bindra

Unity Small Finance Bank's first leg of journey is integration: Bindra

All branches of the beleaguered Punjab and Maharashtra Cooperative (PMC) Bank began functioning as branches of Unity Small Finance Bank from January. Jaspal Bindra, chairman of Centrum Group, which is the promoter of Unity SFB, tells Manojit Saha about the road map of the bank. Edited excerpts:

Now that Unity Small Finance Bank has paid the first tranche to depositors of PMC Bank, which was a priority, what is your medium- to long-term road map for Unity Small Finance Bank?

Unity Small Finance Bank’s first leg of journey is integration. So, we have integrated two businesses of Centrum into the bank. The