Bengaluru’s Fintech startup Slice to merge with North East Small Finance Bank

Bengaluru’s Fintech startup Slice to merge with North East Small Finance Bank

• The Reserve Bank of India has approved the merger of Bengaluru-based fintech credit and payments startup Slice and Guwahati-based North East Small Finance Bank (NESFB).
• Once the merger is completed, Slice will become an Small Finance Bank (SFB).
• This will be the first instance in the fintech and banking space where a fintech firm will become a bank.

Points to Remember:

1. Fintech firm Slice is being merged with which bank?
2. Headquarter of North East Small Finance Bank (NESFB)