Slice Appoints Rajan Bajaj as Managing Director and CEO

Fintech company Slice has recently announced the appointment of Rajan Bajaj as its Managing Director and Chief Executive Officer. Previously serving as Executive Director of the company, this key decision has been authorised by the Slice Board, shareholders, and the Reserve Bank of India (RBI).

Rajan Bajaj: A Visionary Leader

Rajan Bajaj founded Slice in 2016 and has played a pivotal role in its evolution from a consumer fintech startup into a regulated banking entity following its merger with North East Small Finance Bank in 2024. The firm reports having over 20 million registered users, employing more than 3,000 individuals, and successfully raising over $250 million from prestigious investors such as Tiger Global, Insight Partners, and Advent International.

Innovative Financial Solutions

Bajaj was instrumental in developing Slice’s lending distribution and payments divisions under GIPL. In 2019, he launched Quadrillion Finance, QFPL, which is a fully owned NBFC of GIPL that provided credit to retail consumers and small enterprises via technology-driven underwriting and effective risk management processes. QFPL achieved profitability and, along with GIPL, later merged into Slice’s banking division.

Financial Performance and Growth

Over the last three quarters of FY26, Slice has reported a Profit After Tax of Rs 27.97 crore. The asset quality remains robust, supported by disciplined underwriting and an in-house risk framework. Remarkably, within just one year of beginning full banking operations, more than 4 million savings accounts have been opened with the bank.

Bajaj’s Vision for Banking in India

Commenting on his new role, Bajaj expressed gratitude towards the Reserve Bank of India and the Board for their trust. He noted that there is a greater need for banking services in India today than ever before. With the digital infrastructure now in place, it is feasible to serve these needs at a fraction of traditional costs. He emphasized that technology has made it possible to provide every customer with financial products that were previously accessible only to the wealthiest segments of society.

Comprehensive Banking Solutions

Slice operates as a full-stack bank, delivering an array of solutions including the Slice savings account, fixed deposits, UPI services, borrowing options, the UPI credit card, and India’s pioneering UPI-led bank branch.