Small Finance Bank

The term Unity defines ‘One’ or single in number. This came as an inspirational thought of one state, one country or a single person. It aspires to be the best in class technology, therefore, building a strong foundation of commitment to the people. It also stands as the modern banking product that serves a wide variety of customers as well as small partnerships and businesses. Making sure to provide proper access and simplify the process of banking systems is what it aims for. This also includes the unmerited. There is a combination of proficiency of the Centrum and BharatPe that engulfs strong leadership team members. This comprises experienced professionals. A strong foundation will also be provided so that its vision is realized. As a whole, a combination of various technologies to make banking absolute and easy for all customers is what the bank implies.

What work does the Bank perform?

They are a sort of real Digital Bank. The term Digital Bank signifies that a person will be able to open and hence operate his or her own savings, Loans or any Current accounts. This is achieved with the help of digital equipment or device at the very instant moment. People are therefore most welcome to visit any other branches for their further details.

Why should a person opt for them?

Customers across socio income groups are being united. A transparent, easy and safe digital banking experience is offered by small and medium businesses and HNIs. It brings out the true unity in Financial diversity. The latest technologies will be positioned by their digital platform. This will be spread across the industry that will aim to deliver an absolute digital experience to the customers.

A Brand Identity- UNITY

The belief of ONE is perfectly expressed in the analytically designed logo. The logo is expressed by using the alphabet ‘U’, which comes from the word Unity.

The horizontal lines enlaced with the main U signify people are holding or possessing each other’s hands. The brand’s people-centric approach is being indicated. The coming together of all Indians is being highlighted. This is achieved through financial incorporation that aims to create a healthy combined society and nation.

All about Centrum Small Finance Bank

The First branch of Unity Small Finance Bank, the joint progress between Centrum Group and BharatPe, will start soon and will be shortly running with Rs 1500 crore growth capital and a Rs 1300 crore loan book from the city. This is reported by one of the top officials of promoter groups.

The Reserve bank gave the final license to Unity Small Finance Bank on October 12.  An association slid by Centrum Financial Services and Resilient Innovations, an arm of the digital lending platform BharatPe, after giving it an in general in four months. It established a small finance bank and then bought out the scam-mounted Punjab and Maharashtra Cooperative (PMC) Bank. This bank has been under direct RBI control since the middle of 2019.

The Reserve Bank had given in-general approval for the 12th small finance bank license in the month of June to the association, provided its buyout PMC. This city based cooperative lender was under restrictions for more than two years. There was hence a massive fraud of Rs 7000 crore.

Fifty-one per cent of Unity Small Finance Bank is owned by the Centrum group. The Gurugram based BharatPe holds the remaining equity.

Conclusion

Hence Centrum Financial Services is a stand-down supplementary of listed organization Centrum Capital. To small and mid-sized companies and industries ranging from Rs 2 lakh to Rs 2 crores, credits are being provided by them.