In an exciting development set to reshape the banking landscape, slice has successfully merged with North East Small Finance Bank (NESFB), effective from 27th October 2024. This merger, finalized after obtaining necessary shareholder and regulatory approvals, unites slice’s innovative fintech prowess with NESFB’s traditional banking strength, forming a new entity focused on customer-centric solutions.
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.”
For Itanagar, this merger heralds a new era of banking services. Local consumers can look forward to enhanced access to a diverse range of financial products, including savings accounts, loans, and digital banking solutions. With the merged entity prioritizing financial inclusion, residents can expect improved service delivery that caters specifically to their needs, promoting economic growth and stability in the region. As the bank integrates its operations, Itanagar stands to benefit from a more connected and technologically advanced banking experience.
