Slice Small Finance Bank Appoints Rajan Bajaj as MD & CEO

Slice Small Finance Bank has appointed its founder Rajan Bajaj as the new Managing Director (MD) and Chief Executive Officer (CEO). The appointment has been approved by the bank’s board, shareholders, and the Reserve Bank of India (RBI), reflecting strong confidence in Bajaj’s leadership and digital-first vision.

From Fintech Startup to Small Finance Bank

Rajan Bajaj, an alumnus of Indian Institute of Technology Kharagpur, founded Slice in 2016 as a Bengaluru-based fintech startup. The company initially focused on providing innovative credit and payment solutions to young and underserved customers.

In 2024, Slice merged with North East Small Finance Bank, transforming into a fully regulated small finance bank. After serving as Executive Director post-merger, Bajaj now succeeds Satish Kumar Kalra as MD and CEO.

Strong Investor Backing

Slice SFB has raised over $250 million from global investors such as:

• Tiger Global
• Insight Partners
• Advent International

The bank currently offers a wide range of digital products, including:

• Savings accounts with daily interest credits
• Fixed deposits
• UPI services
• Borrowing solutions
• India’s first UPI-led bank branch

Focus on AI and Financial Inclusion

Under Bajaj’s leadership, Slice SFB plans to leverage Artificial Intelligence (AI) to deliver personalised banking services at scale.

In his statement, Bajaj highlighted India’s untapped banking potential, stating that technology can help serve more people at lower costs while offering customised financial products.

Industry experts believe this leadership transition positions Slice SFB to blend regulatory compliance with advanced fintech innovation, accelerating financial inclusion across India, especially in rural and underserved areas.

MCQs: Slice Small Finance Bank Appointment

Q1. Who has been appointed as the MD and CEO of Slice Small Finance Bank?
(a) Satish Kumar Kalra
(b) Rajan Bajaj
(c) Eugene Emmanuel Karthak
(d) Arvind Krishna
(e) Uday Kotak

Ans: (b)
Sol: Rajan Bajaj, founder of Slice, has been appointed as MD & CEO.

Q2. Slice was founded in which year?
(a) 2014
(b) 2015
(c) 2016
(d) 2017
(e) 2018

Ans: (c)
Sol: Rajan Bajaj founded Slice in 2016 as a fintech startup.

Q3. Slice merged with which bank in 2024 to become a small finance bank?
(a) Jana Small Finance Bank
(b) North East Small Finance Bank
(c) Equitas Small Finance Bank
(d) Ujjivan Small Finance Bank
(e) AU Small Finance Bank

Ans: (b)
Sol: Slice merged with North East Small Finance Bank in 2024.

Q4. Which regulatory body approved Rajan Bajaj’s appointment?
(a) SEBI
(b) IRDAI
(c) NABARD
(d) Reserve Bank of India
(e) Ministry of Finance

Ans: (d)
Sol: The appointment was approved by the Reserve Bank of India (RBI).

Q5. Slice Small Finance Bank has raised over how much funding from global investors?
(a) $100 million
(b) $150 million
(c) $200 million
(d) $250 million
(e) $300 million

Ans: (d)
Sol: The bank has raised over $250 million from global investors.