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The Crux

Almost a successful fintech, can Slice be a successful bank?

Ranjan Crasta

October 06, 2023 | 5 Min Read

October 06, 2023 | 5 Min Read

Even as the exuberance around the Slice-North East Small Finance Bank merger is yet to subside, questions must be asked about how the merged entity will function.

Earlier this week, news broke that the Reserve Bank of India (RBI) had approved the merger of Bengaluru-based fintech Slice and North East Small Finance Bank (NESFB). The deal will see all of Slice’s entities subsumed into NESFB, with Slice—which set out to disrupt banks—effectively becoming a small finance bank.

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