The Reserve Bank of India has granted a banking licence to Unity Small Finance Bank Ltd (USFBL), which was established jointly by the Centrum Financial Services Ltd (CFSL) and Resilient Innovations Private Limited (BharatPe), to carry on a SFB business in India. It is the first time ever that two partners are uniting equally to build a Bank. The proposed business model is one of collaboration and open architecture, uniting all its stakeholders to deliver a seamless digital experience.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
RBI had accorded “in-principle” approval to CFSL, a wholly-owned subsidiary of Centrum Capital, on June 18 to set up a small finance bank (SFB). Centrum’s MSME and Micro Finance businesses shall be merged into Unity Small Finance Bank.
There is a small and beautiful country in South Asia that is often called the…
Vishu is a major Hindu festival celebrated mostly in Kerala and parts of Tamil Nadu.…
James Anderson, England's legendary fast bowler, has been awarded a knighthood in the resignation honours…
There is a city in the Middle East that has been given a very special…
Dr. Ambrish Mithal, a renowned Indian endocrinologist, has been honored with the 2025 Committee of…
The Madhya Pradesh government has declared a new wildlife sanctuary in Sagar district, covering an…