The National Company Law Tribunal (NCLT) has approved the merger of North East Small Finance Bank (NESFB) with slice, India’s leading consumer payments and lending company. The Guwahati bench sanctioned the merger under a Scheme of Arrangement and Amalgamation involving NESFB, slice, and their affiliated entities.
The merger, following approvals from the Competition Commission of India (CCI), Reserve Bank of India (RBI), and other regulatory bodies, will combine NESFB’s grassroots banking expertise with slice’s cutting-edge digital capabilities. This strategic integration aims to enhance financial inclusion and offer a superior banking experience across India, with an expanded range of products and omni-channel services.
In Guwahati, this merger is set to revolutionize local banking services. Customers in the Northeast can expect innovative financial solutions tailored to their needs, leveraging both NESFB’s regional knowledge and slice’s digital infrastructure. The merger is poised to drive growth, improving access to advanced banking services in Guwahati and beyond. NESFB and slice are expected to announce the effective merger date soon, with both companies committed to ensuring a smooth transition for customers, employees, and stakeholders. This merger marks a significant step forward in advancing financial inclusivity across India.
