21
Aug
The National Company Law Tribunal (NCLT) has approved the merger of North East Small Finance Bank (NESFB) with slice, a prominent consumer payments and lending company in India. The NCLT's Guwahati bench sanctioned the Scheme of Arrangement and Amalgamation, which involves several entities, including NESFB, slice, and their parent companies. This merger is a strategic move that combines NESFB's grassroots banking expertise with slice's digital prowess, aiming to enhance financial services across India. The merger follows essential approvals from the Competition Commission of India (CCI), Registrar of Companies (RoC), Regional Director (RD), and no-objection certificates from the Reserve Bank of…
