Slice Appoints Rajan Bajaj as Managing Director and CEO

Slice has officially announced that its founder, Rajan Bajaj, will serve as the Managing Director and Chief Executive Officer. Previously, Bajaj held the position of Executive Director at the company. This appointment has received approval from the slice Board, shareholders, and the Reserve Bank of India (RBI).

Founded by Bajaj in 2016, Slice has evolved from a fintech startup into a regulated bank following its merger with North East Small Finance Bank in 2024. The company reports having more than 20 million registered users, a workforce of over 3,000 employees, and has successfully raised over $250 million from notable investors such as Tiger Global, Insight Partners, and Advent International.

Rajan Bajaj’s Contributions to Slice

Bajaj played a crucial role in developing Slice’s lending distribution and payments sectors under GIPL. In 2019, he established Quadrillion Finance, QFPL, a fully owned NBFC of GIPL that provided credit to retail customers and small enterprises through technology-driven underwriting and efficient risk management processes. QFPL turned a profit and later merged into slice’s banking entity alongside GIPL.

Financial Performance

In the last three quarters of FY26, Slice reported a Profit After Tax of Rs 27.97 crore. The company’s asset quality has remained stable, a result of disciplined underwriting and robust in-house risk management infrastructure. Within a year of starting full banking operations, Slice has opened over 4 million savings accounts.

Bajaj’s Vision for Slice

Commenting on his new role, Bajaj expressed appreciation towards the Reserve Bank of India and the Board for their confidence in him. He noted that the need for banking solutions in India has reached unprecedented levels. The digital infrastructure to serve these needs efficiently and cost-effectively is now in place. For the first time, technology enables the provision of a range of financial products to all customers, previously accessible only to the wealthiest.

Slice’s Banking Offerings

Slice functions as a comprehensive bank, featuring various solutions including the slice savings account, slice fixed deposits, slice UPI, slice borrow, the slice UPI credit card, and India’s pioneering UPI-led bank branch.