Slice completes merger with North East Small Finance Bank

The move will strengthen the financial position and enable the merged entity to expand its operations, meet evolving customer needs

Consumer payments and lending firm Slice has completed its merger with North East Small Finance Bank effective October 27, the firms said in a joint statement, adding they had got all the requisite shareholder and regulatory approvals.

“This merger unifies the operations, assets, and brand identities of both entities into a single, integrated banking institution,” the statement said.

The move will strengthen their financial position and enable the merged entity to expand its operations, meet evolving customer needs, and enhance risk management, setting new benchmarks in customer experience, it said.

“We’re especially committed to strengthening our roots in the Northeast, striving to bring more people into the formal banking system. We’ll place a strong emphasis on delivering exceptional customer experience, while maintaining robust risk management and governance as the foundation of our operations,” Rajan Bajaj, founder & CEO, Slice, and executive director of the merged entity, said.