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Raghavendra Rao, a former deputy managing director at the bank, Narayanan Sadanandan, a former CEO of SBI Pension Funds, and Anoop Krishna, former chief general manager of the corporate group at SBI, will join the private credit fund.
The new risk weightage norm is not a big challenge for Unity as we dont have a big legacy book. But it will put a little deterrent to market players because 25% higher risk weightage always forces a rethink in the way business is done. At Unity, we are planning to get into personal loans. The starting point would be branded credit cards with three different partners, says Jaspal Bindra, chairman of Centrum Group.
The new risk weightage norm is not a big challenge for Unity as we dont have a big legacy book. But it will put a little deterrent to market players because 25% higher risk weightage always forces a rethink in the way business is done. At Unity, we are planning to get into personal loans. The starting point would be branded credit cards with three different partners, says Jaspal Bindra, chairman of Centrum Group.
The Jaspal Bindra-led group plans to either exit the housing finance business fully or pare stake to become a minority shareholder.
The lender on November 17 opened five branches in Bengal. It plans to open five more branches in the state over the next few months. Of these three will be in Calcutta and one each in Asansol and Durgapur