In a strategic move poised to reshape the Indian banking landscape, slice has successfully merged with North East Small Finance Bank (NESFB), effective 27th October 2024. Following the receipt of all necessary shareholder and regulatory approvals, this merger integrates slice’s cutting-edge fintech capabilities with NESFB’s established banking framework, creating a unified entity aimed at redefining customer experiences.
The merged bank is committed to enhancing its footprint in the Northeast, focusing on financial inclusion and regional growth. “Reflecting on the merger, Rajan Bajaj, Founder & CEO, slice and Executive Director of the merged entity, said, ‘For over a year, the teams at slice and NESFB have worked tirelessly to make this merger a reality… We’re especially committed to strengthening our roots in the Northeast, striving to bring more people into the formal banking system.’”
In Guwahati, this merger offers significant opportunities for local consumers to access innovative banking solutions. With plans to introduce a suite of products, including savings accounts and credit options, the merged entity is well-positioned to cater to the evolving financial needs of the region, fostering economic development and enhancing customer engagement.
