The Reserve Bank of India has approved the appointment of Vinod Rai, former Comptroller and Auditor General (CAG) of India as Independent Chairman of Unity Small Finance Bank Limited (Unity Bank).
A former IAS officer, Rai has rich experience in multiple capacities with the Ministry of Finance, Commerce, Defense as well as with Federal and State Governments and Private Institutions. He was also Chairman of Banks Board Bureau, the body which advises the Government on top-level appointments at public sector banks and ways to address bad loans.
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Several Banking industry stalwarts, including Sandip Ghose (RBI veteran), Basant Seth (Former CMD Syndicate Bank and Deputy MD – SIDBI) and Subhash Kutte (Former Chairman, RBL Bank) have recently joined the Board.
