The merger between Slice and North East Small Finance Bank marks a significant milestone, allowing the Bengaluru-based fintech to directly engage in traditional banking after navigating regulatory hurdles.
Rajan Bajaj, founder and CEO of Slice, emphasized the hard work and dedication that went into the merger, expressing excitement to build what he envisions as 'India’s most loved bank' with NESFB.
The merger enables Slice to control its lending operations and access capital at lower costs, which is crucial in a regulatory environment where banking licenses are hard to obtain in India.
With the banking license, Slice aims to enhance its offerings by not only providing digital payment and lending services but also expanding into savings accounts and investment products.
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