North East Small Finance Bank (NESFB) is set to merge with slice, demonstrating its commitment to integrating technology with community-driven financial inclusion in North East India. This strategic convergence will strengthen NESFB’s commitment to the region and promote nationwide financial inclusion.
The upcoming merger will be a significant milestone for the North East region, with a cumulative Tier 1 CAR exceeding 25%. It will connect North Eastern residents with a financial institution deeply rooted in their heritage. Dr. Ram Krishna Garg, Part-time Chairman, NESFB, added, “With the guidance of the Reserve Bank of India, we are advancing towards a brighter future, setting an example for the entire nation in cross-cultural collaboration and unity.”
NESFB plans to expand its national presence, enhancing its branch network and customer outreach. The bank is committed to maintaining its core identity and a pan-India presence, despite its focus on the North Eastern region of India. This represents a paradigm shift, ensuring the bank’s core principles and values remain uncompromised.