North East Small Finance Bank renamed to slice Small Finance Bank; RBI issues notification

The Reserve Bank of India (RBI) has officially notified the alteration in the name of “North East Small Finance Bank Limited” to “slice Small Finance Bank Limited” in the Second Schedule to the Reserve Bank of India Act, 1934.

The change has been effected through Notification dated May 14, 2025, and was subsequently published in the Gazette of India on May 16, 2025.

The revised listing ensures that “slice Small Finance Bank Limited” now stands recognised as a scheduled bank under the RBI Act, carrying forward the statutory benefits and obligations previously held by North East Small Finance Bank.

"We're on a journey to build India’s most loved bank. Our mission is to value people's time and money in the products we build, so more people can experience banking that truly works for them. The bank will continue to operate under the brand name of slice, and we are in the process of informing all stakeholders, especially customers, about this change to ensure a smooth and seamless transition. We're now expanding nationwide, while keeping our Northeast roots central to who we are," a spokesperson from slice told Fortune India.

North East Small Finance Bank, headquartered in Guwahati, was established in 2011 and operated as a small finance bank. On October 27, 2024, Bengaluru-based fintech startup Slice officially completed its merger with NESFB, forming a new technology-led banking entity.

This strategic merger now brings together the digital innovation of Slice and the regional banking experience of NESFB. The combined institution aims to enhance customer experience, promote financial inclusion, and contribute to economic growth, with a strong focus on the Northeastern region of India.

The newly formed bank plans to offer a wide range of products, including savings accounts, fixed deposits, co-branded credit cards, personal loans, SME loans, gold loans, and digital banking services.