Slice

The fintech holds a slight advantage over its competitors as it is a bank that can take deposits from the public, and hence the cost of funds is lower for the company and boosting the margins

Fintech firm Slice Small Finance Bank turns profitable, reports Rs 7 cr net in H1 FY26

One of the key reasons behind the improving financials was the falling cost of funds, as Slice could now receive deposits from the public, which is cheaper than loans from other financial institutions

"Slice now matches HDFC Bank's scale in monthly account openings,” says founder Rajan Bajaj

In an interview with Moneycontrol, Bajaj shares insights into this transformation, the massive market opportunity he sees ahead, and how Slice plans to serve over a billion Indians through innovative banking solutions.

Slice merger with NESFB comes with a cost: Legacy NPAs worth Rs 192 crore

The merger could unlock cost-saving opportunities through streamlined operations and improved capital allocation. If managed well, these efficiencies could drive profitability in the long run, according to analysts. But can Slice surmount the legacy NPA challenge after the merger with NESFB?

Slice completes merger with North East Small Finance Bank

The merger has received all the requisite shareholder and regulatory approvals, the companies said

Fintech firm Slice gets NCLT nod to merge with North East Small Finance Bank

The order comes a year after the banking regulator, Reserve Bank of India gave the no-objection certificate (NOC) to the deal.

Neobanking startup Jupiter Money gets RBI's nod to start prepaid wallet business

The company got the all-clear to issue prepaid payment instruments, which will allow it offer digital wallet to customers for UPI payments, money transfers and other such transactions

Former Kotak executive Arvind Kathpalia joins Slice as chief risk adviser

Kathpalia will work on building the capabilities of the newly-formed banking entity following the merger of Slice and North East Small Finance Bank

Slice gets CCI's nod to merge with North East Small Finance Bank

The Reserve Bank of India had given the no-objection certificate (NOC) to the deal in October last year, for the merger which will see Slice becoming an SFB, a first of its kind development in the fintech and banking space.

Slice revenue grows 3X despite scrapping its flagship credit on card in FY23

The company’s losses ballooned by 37 percent to Rs 405 crore in FY23, from Rs 253.67 crore in FY22.

RBI approves former Andhra Bank executive as MD and CEO of Slice-backed North East SFB

As the merged entity looks towards becoming a fintech major with credit ambitions, Satish Kumar Kalra's expertise will help it to be successful in credit distribution to first time borrowers as well as digital first customers, the company stated.

RBI’s stance on SFB licensing remains same, says Dy Guv DG Rao 

This comes after slice, a fintech company, announced a merger with North East Small Finance Bank.

Fintech startup Slice to merge with North East Small Finance Bank

Slice said that the merger will help realise the entity’s shared goal of integrating technology with grassroots financial inclusion across the nation.

'Made a mistake': Bengaluru woman makes confession on LinkedIn of choosing a wrong job

The user-identified as Vibur Babuurajan- shared a screenshot of the confession, shared by Shikha Gupta, who wrote that she had 'moved on' after spending one-year at a company named 'Slice'.

Slice appoints former RBI ED and SBI's ex-MD in leadership roles

RBI's former Executive Director Eugene Karthak will join as independent director while SBI's Ex-Managing Director S Vishvanathan will join as advisor

OneCard revenue grows 6-fold to Rs 97 crore in FY22; loss widens to Rs 183 crore

FPL Technologies Pvt, which operates the credit-card platform, reported a revenue of Rs 97.9 crore in FY22 against Rs 16.4 crore in FY21 (2020-21). The company’s net loss, however, widened to Rs 182.8 crore in FY22 from Rs 33.2 crore in FY21 (2020-21), thanks to a massive rise in its marketing expenses

Uni to offer co-branded credit cards, loans after RBI norms disallowed pre-paid card offering

In a communication to customers, Uni said that it will now offer a co-branded credit card, besides a product that will enable customers to avail a part of their salary in the form of an interest-free deposit in the middle of the month.

Slice-backer 8i Ventures marks first close of its second fund at $25 million

8i Ventures Fund-II will have a portfolio of 15-20 companies that 'we will invest in over the next three years', founding partner Vikram Chachra has said

Slice bets on card-linked bank accounts to stay afloat as RBI Nov deadline for digital lending norms nears

In a mail to customers, Slice said that the card will be temporarily suspended in November to transition to the new system

Fintech Files: Part 3 | When the RBI sneezes, fintechs catch a cold

A slew of circulars from the Reserve Bank of India has forced the fintech industry to abandon its growth-at-all-costs approach and scramble to comply with the stringent regulations

BNPL players expect up to 8X credit spike in festive bonanza despite RBI speed-breakers

Fintechs looking to capture market share from players restricted by new norms; see inflation as a tailwind for credit demand.

75 start-ups that are firming up India’s position in the global digital economy

From 471 in 2016 to 72,993 start-ups as on June 30, 2022, India registered a whopping rise of 15,400 percent in the number of startups in six years, according to Ministry of Commerce and Industry. From tea to taking payloads into space, beauty, accommodation, UX-UI, fintech, clean tech, and agritech, the Indian start-up ecosystem has 100 unicorns and still growing. Here’s a look at some start-ups that are playing a role in boosting the country’s share and innovation prowess in the global digital economy.

Uni suspends card services after RBI's digital lending norms hint at tighter scrutiny against PPI lending

Uni's move of inactivating its existing cards comes a day after Moneycontrol had reported that its prepaid card partner State Bank of Mauritius India is looking to pause the onboarding of new customers until further clarity emerges on the RBI's views on the model.

Moneycontrol Selects: Top stories this evening

Our specially curated package of the most interesting articles to help you stay at the top of your game.

More trouble for Slice: SBM Bank India to stop onboarding new customers for credit on PPI

The bank had sent a communication to Slice, Uni and PayU's LazyPay on pausing new customer onboarding after the Reserve Bank of India (RBI) approved the first set of guidelines on digital lending on August 10. Uni and LazyPay had stopped onboarding new customers since June.