RBI clears Rai as chairman of Unity SFB

The Reserve Bank of India has accredited the appointment of former Comptroller and Auditor General (CAG) Vinod Rai as chairman of Unity Small Finance Bank.
Rai, after his retirement because the CAG, headed the Banks Board Bureau, the physique that advises the federal government on top-level appointments at public sector lenders and methods to handle dangerous loans, as its chairman, Unity Small Finance Bank stated in an announcement.
Unity has veteran banking, akin to Basant Seth, ex-CMD of Syndicate Bank and deputy MD of Sidbi; and Subhash Kutte, former chairman of RBL Bank, as board members.