North East Small Finance Bank’s (NESFB) upcoming merger with slice reaffirms its unwavering commitment to North East India, as it embarks on a journey of integrating technology with community-driven financial inclusion. This strategic convergence will not only fortify the enduring pledge to North East India but also catalyze the widespread expansion of financial inclusion throughout the nation.
The NESFB merger will significantly impact the North East region, with a cumulative Tier 1 CAR post-merger exceeding 25%. This merger will connect North Eastern residents with a financial institution deeply rooted in their heritage. NESFB aims to establish a strong national presence, enhancing its branch network and customer outreach. It assures its valued customers that its core identity remains uncompromised, demonstrating a paradigm shift in banking.
The bank will cultivate a pan-India presence while preserving its core principles and values. Dr. Ram Krishna Garg, Part-time Chairman, NESFB, added, “With the guidance of the Reserve Bank of India, we are advancing towards a brighter future, setting an example for the entire nation in cross-cultural collaboration and unity.”
