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Slice appoints former SBI executive Sreedevi Pillai to bank board

EntrackrEntrackr · 3h ago
Slice appoints former SBI executive Sreedevi Pillai to bank board
Medial

Slice appoints former SBI executive Sreedevi Pillai to bank board Fintech company Slice has appointed Sreedevi Pillai, former Chief General Manager Risk Management at State Bank of India (SBI), as an Independent Director Non Executive to its Bank Board. Pillai brings 36 years of banking leadership experience, most of it at SBI, where she oversaw operational risk management, fraud prevention and monitoring, and enterprise and group risk management across the bank and its group entities. During her tenure, she led the development of fraud detection frameworks that helped SBI become one of the first large commercial banks in India to deploy such capabilities at scale. According to Slice, her appointment comes as the company strengthens its institutional governance and risk framework in line with its long term growth plans. "The bank’s commitment to building a transparent, digitally driven and inclusive banking platform aligns strongly with the evolving landscape of responsible finance in India. I look forward to working closely with Rajan, the leadership team and the Board to contribute to robust governance, prudent risk management and sustainable growth," said Sreedevi Pillai, Independent Director at Slice. Last month, Slice appointed its founder Rajan Bajaj as Managing Director and Chief Executive Officer. Bajaj previously served as Executive Director of the company. Rajan Bajaj founded Slice in 2016 and led the company from a consumer fintech startup to a regulated bank following its merger with North East Small Finance Bank in 2024. The company says it has served more than 20 million registered users, employs over 3,000 people and has raised more than $250 million from investors including Tiger Global, Insight Partners and Advent International.

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RBI approves Rajan Bajaj as MD and CEO of Slice

EntrackrEntrackr · 24d ago
RBI approves Rajan Bajaj as MD and CEO of Slice
Medial

Snippets RBI approves Rajan Bajaj as MD and CEO of Slice Fintech company Slice has announced the appointment of its founder, Rajan Bajaj, as Managing Director and Chief Executive Officer. Bajaj previously served as Executive Director of the company. The appointment has been approved by the Slice Board, shareholders, and the Reserve Bank of India (RBI). Bajaj founded Slice in 2016 and led the company from a consumer fintech startup into a regulated bank following its merger with North East Small Finance Bank in 2024. The company claims to have served more than 20 million registered users, employs over 3,000 people, and has raised over $250 million from prominent investors including Tiger Global, Insight Partners, and Advent International. Bajaj built Slice’s lending distribution and payments businesses under GIPL. In 2019, he also established Quadrillion Finance, QFPL, a wholly-owned NBFC of GIPL that extended credit to retail customers and small businesses using technology-led underwriting and efficient risk processes. QFPL was profitable and, along with GIPL, later merged into Slice’s banking entity. Over the last three quarters of FY26, Slice reported a Profit After Tax of Rs 27.97 crore. Asset quality remains stable, supported by disciplined underwriting and in-house risk infrastructure. Within one year of commencing full banking operations, more than 4 million savings accounts have been opened with it. Commenting on the appointment, Bajaj said, “I am grateful to the Reserve Bank of India and our Board for the confidence they have placed in me. More people need banking in India today than at any point in our country's history. The digital infrastructure to serve them well and at a fraction of the traditional cost now exists. And for the first time, technology makes it possible to offer every customer the kind of financial products that until recently were only available to the wealthiest few.” Slice operates as a full-stack bank, offering solutions such as the Slice savings account, Slice fixed deposits, Slice UPI, Slice borrow, the Slice UPI credit card, and India’s first UPI-led bank branch.

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