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 conventional banking establishment. This strategic integration units the inspiration for constructing India’s foremost tech-driven financial institution, prioritizing stability, threat administration, and a strong 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 threat 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 companies but additionally a strategic enlargement throughout the area. By harnessing superior know-how and digital options, the financial institution is about to drive regional progress with a transparent goal: to boost monetary inclusion, stimulate financial growth 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 yr, 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 liked 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 specific intent, our actions will replicate our dedication to creating a very 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 deliver extra folks into the formal banking system. We’ll place a robust emphasis on delivering distinctive buyer expertise, whereas sustaining strong threat administration and governance as the inspiration 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 large innovation throughout varied industries, it is a landmark occasion within the banking sector, notably for a monetary establishment rooted within the Northeast. We’re thrilled to welcome slice into our journey, as their cutting-edge know-how and modern method can be instrumental in redefining banking requirements throughout the nation. I lengthen my deepest gratitude to your complete 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 bolstered dedication to the Northeast area, whereas additionally striving to deliver superior banking companies to each nook of India. Our mission is evident: to drive monetary inclusion and ship a banking expertise that’s progressive, accessible, and impactful for all.”
