Unity Small Finance Bank

Small Finance Bank Sector

“Unity in Banking”

Unity Small Finance Bank, headquartered in Mumbai, Maharashtra, is one of India's newest small finance banks, having received its SFB license from the RBI in 2021. Unity SFB was formed through the amalgamation of Punjab & Maharashtra Co-operative Bank (PMC Bank) under a resolution plan facilitated by the RBI — a landmark banking reconstruction in Indian financial history. With Centrum Financial Services and BharatPe as its promoters, Unity SFB brings together financial services expertise and fintech innovation. The bank primarily serves urban and semi-urban customers across Maharashtra and other states, offering savings accounts, fixed deposits with competitive interest rates, personal loans, business loans, gold loans, and a growing suite of digital financial products. Unity SFB's digital-first approach is evident in its emphasis on mobile banking, app-based account opening, UPI, and seamless digital customer service. The bank's partnership with BharatPe also gives it unique insights into merchant banking and small business financial needs. DICGC insured and RBI regulated, Unity SFB has progressively stabilized its balance sheet post the PMC Bank resolution and is focused on sustainable growth. For customers looking for a new-age bank with fintech backing, competitive FD rates, and strong urban banking capabilities, Unity SFB presents a compelling and credible banking option.