RBI approves Vinod Rai's appointment as independent chairman of Unity SFB

Apart from Rai, the SFB has appointed RBI veteran Sandip Ghose, former CMD of erstwhile Syndicate Bank Basant Seth, and former RBL Bank chief Subhash Kutte to its board

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.

Apart from Rai, the SFB has appointed Sandip Ghose, an RBI veteran, Basant Seth, the former chairman and managing director of erstwhile Syndicate Bank, and Subhash Kutte, former chairman RBL Bank to its board to guide its journey in becoming a successful digital bank.

Unity SFB started its operations in November last year after receiving a final nod