A new bank license has been issued after a gap of nearly 6 years. The new SFB, has been incorporated as ‘Unity Small Finance Bank’. Unity as a name has significance on many counts for both Centrum and BharatPe. Reportedly, it is the first time that two partners are uniting equally to build a bank.
The proposed business model is one of collaboration and open architecture, uniting all its stakeholders to deliver a seamless digital experience. Centrum’s successful MSME and Micro Finance businesses shall be merged into Unity Small Finance Bank.
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