The corporate acknowledged this merger marks a pivotal milestone in India’s monetary panorama, combining the innovation of a number one fintech with the trusted basis of a standard banking establishment. This strategic integration units the muse for constructing India’s foremost tech-driven financial institution, prioritizing stability, danger administration, and a sturdy governance framework as its key pillars. With a strengthened monetary place, the merged entity is well-equipped to develop its operations, meet evolving buyer wants, and improve danger administration, setting new benchmarks in buyer expertise.
The corporate mentioned that the merged entity is dedicated to deepening NESFB’s already robust presence within the Northeast area. The mixing reinforces NESFB’s dedication to its core markets, guaranteeing not solely the continuation of providers but additionally a strategic growth throughout the area. By harnessing superior expertise and digital options, the financial institution is ready to drive regional progress with a transparent goal: to boost monetary inclusion, stimulate financial improvement within the Northeast, and develop its attain throughout India.
Rajan Bajaj, Founder & CEO, slice and Government Director of the merged entity, mentioned, “For over a 12 months, the groups at slice and NESFB have labored tirelessly to make this merger a actuality. As we speak, we’re thrilled to be on the beginning line of constructing India’s most beloved financial institution. We’re grateful to the regulatory authorities, particularly the RBI and the Authorities of Assam, for trusting us with this transformative journey. Whereas our phrases categorical intent, our actions will mirror our dedication to creating a really customer-centric banking establishment that’s set to vary the best way Indians financial institution. We’re particularly dedicated to strengthening our roots within the Northeast, striving to convey extra folks into the formal banking system. We’ll place a powerful emphasis on delivering distinctive buyer expertise, whereas sustaining sturdy danger administration and governance as the muse of our operations.”
Sharing his ideas on this new chapter, Satish Kumar Kalra, MD & CEO, NESFB, mentioned, “We’re ushering in a brand new chapter not just for our financial institution however for the nation. Whereas India has witnessed great innovation throughout numerous industries, it is a landmark occasion within the banking sector, significantly for a monetary establishment rooted within the Northeast. We’re thrilled to welcome slice into our journey, as their cutting-edge expertise and progressive strategy shall be instrumental in redefining banking requirements throughout the nation. I lengthen my deepest gratitude to all the crew of slice and NESFB for his or her foresight and openness to embrace this important change. As we speak, we start a brand new journey with a strengthened dedication to the Northeast area, whereas additionally striving to convey superior banking providers to each nook of India. Our mission is obvious: to drive monetary inclusion and ship a banking expertise that’s progressive, accessible, and impactful for all.”