Unity Small Finance Bank Limited (Unity Bank), a new age, digital-first bank, has appointed Inderjit Camotra, as its Managing Director & Chief Executive Officer.
Unity Bank was recently elevated to a ‘Scheduled Bank’ and included in the Second Schedule of the RBI Act. In January 2022, the Bank appointed Mr. Vinod Rai, former CAG of India as its Chairman.
Inderjit’s appointment has been approved by the Reserve Bank of India (RBI) and Unity Bank’s Board.
Commenting on the appointment, Jaspal Bindra, Executive Chairman, Centrum Group said, “Inderjit’s vast experience across many roles in banking, will add significant value in building the foundation and shaping the long-term strategy at Unity Bank.”
“The Banking business is highly competitive and dynamic and I am confident that with his leadership and proven track record, the Bank will achieve significant growth”, Jaspal Bindra added.
Expressing his excitement about the role, Inderjit Camotra, MD & CEO, Unity Bank said, “Starting a Bank from scratch is an exciting and challenging task.”
“I look forward to working closely with Unity’s highly experienced board, strong management team, and employees to scale it to greater heights”, Inderjit Camotra said.
Inderjit Camotra further added, “Our near-term objective is to roll out our digital banking proposition, which will seamlessly compliment our branch network and leverage technology to provide reach, convenience, easy access, along with a superior customer experience.”
Inderjit is a Senior Banker with over 25 years of experience across India in leadership positions at Standard Chartered Bank, ANZ, and Citibank. He was earlier Executive Director with Centrum Financial Services Ltd. (Promoter Entity of Unity Bank) and has played a key role in transitioning the Company into a Bank.
Inderjit graduated from I.I.T. Delhi and pursued his MBA from Clarkson University in New York. A Gold Medalist (Nagaland Education Board)