PINAKI MAJUMDAR
Jamshedpur, Dec 3: XLRI Jamshedpur today hosted Inderjit Camotra, MD & CEO of Unity Small Finance Bank as a part of the CXO session. Camotra started the session by sharing his thoughts on the banking industry and the mission and vision of Unity small finance bank.
He shared the thought process behind the log of the bank – “U” denotes the conviction of ‘one’ and the horizontal lines weaved with the letter U symbolize people holding hands together. The symbol shows the people-centric approach of people in the bank. He also shared his thoughts that in the long term, he wants Unity to become a Fintech company supported by a banking system.
Inderjit also discussed the issues today an fintech company faces and how they found ways to fulfil these gap. He also mentioned that in 2022 Unity finance bank got the title of a “Scheduled Bank” and there are approx. 37 banks in India and it was challenging for them to find a correct set of audience and get the license from RBI.
He showed how Unity has the best of the talents who have worked on the technology aspect to bring the complete bank into the palm of the customer, which gave birth to the statement – “Download the bank and not the app”.
The speaker then opened the house for questions and made the session interactive. He answered a few questions from the batch regarding the challenge of cyber security, he mentioned how they have a technology team working continuously on it.
He also answered questions related to the current market scenario and the repo rate, and how Unity plans to thrive in such conditions. He was also asked about the strategy of Unity small finance bank in competition with digital financing applications and big giant banking houses of India. He also shared his views on e-rupee.
The session ended with a vote and presentation of a memento to Inderjit Camotra.
