Slice and NESFB Merge to Form Tech-Driven Banking Powerhouse

Slice, a leading consumer payments and lending company, has merged with North East Small Finance Bank. This union aims to create India's foremost tech-driven bank, focusing on financial inclusion and regional growth. Regulatory approvals were obtained, ensuring the new entity's robust governance and customer-centric approach.

In a transformative merger, India's prominent consumer payments firm slice has joined forces with North East Small Finance Bank (NESFB), effective October 27, 2024. This strategic alliance, backed by requisite shareholder and regulatory approvals, emerges as a formidable integrated banking institution.

Positioned to lead India's banking sector, the merger combines slice's fintech innovation with NESFB's solid banking infrastructure. The new entity prioritizes stable operations and risk management, aiming for unparalleled customer experiences and financial inclusion, especially in the Northeast region.

Leaders at both slice and NESFB emphasize the significance of this merger in reshaping the banking landscape. They express strong commitments to enhancing customer services across India while advancing regional economic growth through advanced technology and digital solutions.

(With inputs from agencies.)