Rajan Bajaj appointed Slice SFB's new CEO and MD
Bengaluru-headquartered lender Slice Small Finance Bank has appointed Rajan Bajaj as its new chief executive officer (CEO) and managing director. The appointment has been approved by the bank’s shareholders as well as the Reserve Bank of India (RBI), the company said.
Slice Small Finance Bank was born through the merger of Bengaluru-based fintech Slice and the Guwahati-based North East Small Finance Bank in 2024. The central bank had approved the appointment of ex-Andhra Bank senior executive Satish Kumar Kalra as its CEO in 2023. Bajaj, who had founded Slice, was then appointed as the executive director of the newly formed bank.
In a statement, the bank said that for the last three quarters of FY26, Slice SFB has reported a net profit of Rs 27.97 crore. Also, within one year of commencing full-scale banking operations, the bank has opened four million savings accounts.
Founded in 2016 by IIT Kharagpur-alumnus Bajaj, Slice has raised over $250 million from marquee investors including Tiger Global, Insight Partners, and Advent International. Slice SFB serves more than 20 million registered users and employs over 3,000 people.
Now in its new avatar, Slice SFB wants to build a digital banking platform primarily targeting young consumers.
“For the first time, technology makes it possible to offer every customer the kind of financial products that until recently were only available to the wealthiest few,” said Bajaj.
“AI is now reaching the point where it can make banking genuinely personal at scale, by understanding what each customer needs, and making complex financial decisions simple. We are building with that future in mind, and we think we are still very early in what is possible,” he added.
Slice Small Finance Bank was born through the merger of Bengaluru-based fintech Slice and the Guwahati-based North East Small Finance Bank in 2024. The central bank had approved the appointment of ex-Andhra Bank senior executive Satish Kumar Kalra as its CEO in 2023. Bajaj, who had founded Slice, was then appointed as the executive director of the newly formed bank.
In a statement, the bank said that for the last three quarters of FY26, Slice SFB has reported a net profit of Rs 27.97 crore. Also, within one year of commencing full-scale banking operations, the bank has opened four million savings accounts.
Founded in 2016 by IIT Kharagpur-alumnus Bajaj, Slice has raised over $250 million from marquee investors including Tiger Global, Insight Partners, and Advent International. Slice SFB serves more than 20 million registered users and employs over 3,000 people.
Now in its new avatar, Slice SFB wants to build a digital banking platform primarily targeting young consumers.
“For the first time, technology makes it possible to offer every customer the kind of financial products that until recently were only available to the wealthiest few,” said Bajaj.
“AI is now reaching the point where it can make banking genuinely personal at scale, by understanding what each customer needs, and making complex financial decisions simple. We are building with that future in mind, and we think we are still very early in what is possible,” he added.
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