RBI Approves Rajan Bajaj as MD & CEO of Slice Small Finance Bank

• The Reserve Bank of India (RBI) has approved Rajan Bajaj as MD & CEO of Slice Small Finance Bank (SSFB), effective February 17.
• Bajaj, founder of fintech firm Slice, will lead the bank's transition from a credit-focused fintech to a full-fledged, technology-driven retail banking player.
• Slice acquired North East Small Finance Bank in 2023, merging it to form SSFB and becoming a licensed deposit-taking bank.
• With a banking license, Slice can now accept public deposits, lowering funding costs and potentially offering more competitive loan rates.
• Slice has opened over four million savings accounts within a year and reported a profit after tax of nearly Rs 28 crore in the first three quarters of FY26.