RBI Re-approves MDs and CEOs for Small Finance Banks

The Reserve Bank of India (RBI) has re-approved the appointments of Inderjit Camotra and Govind Singh as MDs and CEOs of Unity Small Finance Bank and Utkarsh Small Finance Bank, respectively, reflecting their effective leadership in expanding their banks’ operations and reach.

Re-appointment of Inderjit Camotra

  • Position: Managing Director (MD) and Chief Executive Officer (CEO) of Unity Small Finance Bank (Unity SFB)
  • Term: Two years
  • Achievements Under Leadership:
    • Deposit base: Over ₹8,000 crore
    • Loan book: Over ₹8,500 crore
    • Network: About 400 banking outlets and offices across 21 States and UTs in India
  • Previous Role: Executive Director at Centrum Financial Services Ltd/CFSL
  • Background:
    • RBI granted in-principle approval for CFSL to set up Unity SFB in June 2021.
    • Licence issued in October 2021; operations commenced in November 2021.
    • BharatPe holds 49% stake, CFSL holds 51%.

Re-appointment of Govind Singh

  • Position: Managing Director (MD) and Chief Executive Officer (CEO) of Utkarsh Small Finance Bank (Utkarsh SFB)
  • Effective Date: September 21, 2024
  • Term: Three years
  • Current Term: Until September 20, 2024
  • Board Approval: Granted on January 27, 2024

Piyush Shukla

Recent Posts

Which Language is known as the Language of Gods?

Many languages in the world are special for different reasons, but some are considered sacred.…

34 mins ago

India’s Samriddh Gram Initiative Nominated for WSIS Prizes 2026 Under Enabling Environment Category

Samriddh Gram Initiative of India which led by Department of Telecommunications has selected as a…

58 mins ago

Prestigious Laureus World Sports Awards 2026 Held in Madrid: Full Winners List and Highlights

The Laureus World Sports Awards 2026 were held in the Capital of Spain In Madrid.…

2 hours ago

What is Glutathione, the Master Antioxidant of our Body?

Our body is made of millions of tiny cells that work day and night to…

2 hours ago

World Creativity and Innovation Day: Why April 21 Celebrates Ideas That Change the World

World Creativity and Innovation Day observed every year on the April 21. This day celebrates…

2 hours ago

Who Is John Ternus? Meet Apple’s Next CEO After Tim Cook

Apple Inc. has announced that John Ternus will become the next Chief Executive Officer and…

3 hours ago