Fintech unicorn Slice finalized its merger with North East Small Finance Bank (NESFB) on October 27, 2024, marking a significant step towards expanding its banking footprint in India’s Northeast region.
Approved by the National Company Law Tribunal (NCLT) in August, this merger unites Slice’s tech-driven approach with NESFB’s established presence. The new entity will offer savings accounts, fixed deposits, and credit services with a focus on financial inclusion. NESFB’s MD & CEO, Satish Kumar Kalra, highlighted the merger’s potential to boost economic growth in the Northeast, strengthening Slice's ambitions.