The forthcoming merger of North East Small Finance Bank (NESFB) with Slice reinforces the bank’s unwavering commitment to North East India as it continues on a journey of merging technology with community-driven financial inclusion. This strategic convergence would not only strengthen the long-term commitment to North East India but will also drive the wider development of financial inclusion across the country.
The merger will be a significant milestone for the region, serving as a monumental leap forward, with a cumulative Tier 1 CAR post-merger exceeding 25%. Furthermore, it will serve a vital role in connecting North Eastern residents living across the nation with a financial institution deeply rooted in their heritage. NESFB’s vision extends beyond regional boundaries, aiming to establish a strong national presence, enhancing its branch network and customer outreach.
The bank will ensure its core identity remains uncompromised, aiming to cultivate a pan-India presence while preserving its core principles and values. This represents a paradigm shift for a bank focusing on the North Eastern region.Mr. Pritesh Nath, Business Head, NESFB, said, “This merger brings the essential capital and technological infrastructure required to advance banking in the North East region, thereby facilitating the economic upliftment of the local communities.”
