Unity Bank begins operations, paving way for merging PMC

The 12th small finance bank begins operations with over Rs 1,100 crore of equity capital, over 2 lakh customers and an asset base of over Rs 2,400 crore which comes from the existing MSME and MFI credit business of the Centrum Group, Jaspal Bindra, group executive chairman and also the non-executive chairman of Unity Bank, told PTI on Monday.

from Banking/Finance-Industry-Economic Times https://ift.tt/3EGEPuN