RBI approves appointment of Vinod Rai as independent Chairman of Unity Small Finance Bank

The Reserve Bank of India (RBI) has appointed former comptroller and auditor general (CAG) chief Vinod Rai as the independent chairman of the Unity Small Finance Bank (USFB), according to an official statement. Unity Small Finance Bank is a joint venture of the Centrum Group and fintech firm BharatPe, in the ratio 51:49 respectively.