People · Financial Services
Rajan Bajaj approved as MD and CEO of slice SFB
By Startup Enthusiast ·
- Date
- Company
- Slice
- What it does
- Digital banking and fintech
- Kind
- People
- Stage
- public
- Based in
- Bangalore
- Founded
- 2016-01
- Sector
- Financial Services
What they do
Slice is a digital bank offering savings accounts, UPI credit cards, and fixed deposits
What happened
RBI approved Rajan Bajaj as MD and CEO of slice Small Finance Bank, effective February 17, 2026. slice turned profitable with ₹28 Cr net profit in the first…
The details
- The RBI approved Rajan Bajaj as MD and CEO of slice Small Finance Bank.
- The appointment is effective February 17, 2026.
- Rajan Bajaj is the founder of slice and was previously its executive director.
- He succeeded Satish Kumar Kalra as MD and CEO.
- slice merged with North East Small Finance Bank in October 2024.
- The merged entity was renamed slice Small Finance Bank on February 11, 2025.
- slice reported a net profit of ₹28 Cr in the first nine months of FY26 (Apr-Dec 2025).
The bigger picture
- slice turned profitable after reporting a net loss of ₹216.7 Cr in FY25.
- The bank's net worth rose from ₹61 Cr in FY24 to ₹891 Cr by September 2025.
- Assets under management grew >250% YoY to ₹3,759 Cr in H1 FY26.
- slice raised about $380 Mn total funding and entered the unicorn club in 2021.
About the business
- slice offers UPI-led bank branches, fixed deposits, and a slice UPI credit card.
- It provides a savings account with 5.25% p.a. interest linked to the repo rate, interest paid daily.
- The account has zero minimum balance and automatic spending categorization.
- slice has over 20 million registered users and more than 3,000 employees.
- It opened more than 4 million savings accounts within the first year of banking operations.
- slice's corporate office is in Koramangala, Bangalore.
The deal
- Type
- people
Founders
- Rajan Bajaj, Founder and MD & CEO
About Slice
- Customers
- Individual consumers seeking credit products, wealth management and banking services
- How it makes money
- Digital-first lending and small finance bank operations with credit card and investment products
- What sets it apart
- Pivoted from fintech unicorn to regulated Small Finance Bank with RBI approval
Other articles talking about it
More on Slice
- Slice raises $100 million at $450 million valuation3 September 2026 · Funding · $100 million
- slice appoints new board members for banking operations24 August 2026 · People
- Slice posts ₹50.9 crore profit in Q1 FY2711 August 2026 · Results
- Slice reports first profitable year with net profit of ₹48.4 Cr27 May 2026 · Roundup
- Slice reports first full-year profit after bank conversion26 May 2026 · Results · ₹48.4 Cr
- Slice appoints ex-SBI risk head as independent director12 March 2026 · Analysis
- slice SFB posts profit, cuts bad loans11 March 2026 · Results
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