Fintech-turned-bank Slice has appointed seasoned banking professional Sreedevi Pillai as an Independent Director (Non-Executive) on its bank board, a move aimed at strengthening governance and risk management as the company continues to expand its digital banking operations in India.
Pillai brings more than three decades of experience in the banking sector, having spent a significant part of her career at the State Bank of India (SBI). During her tenure at the country’s largest public sector bank, she held several key leadership roles and most recently served as Chief General Manager for Risk Management.
In that role, she was responsible for overseeing risk frameworks, fraud monitoring systems, and operational risk strategies across the bank. Her experience in strengthening compliance mechanisms and risk controls is expected to play a vital role in guiding Slice as it builds a robust banking structure.
Leadership Sees Strategic Value in the Appointment
Slice’s leadership believes that Pillai’s deep understanding of banking regulations and risk oversight will help the company enhance its governance framework. As digital banking continues to evolve rapidly in India, fintech companies transitioning into regulated banking entities are increasingly focusing on strengthening their board-level expertise.
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Rajan Bajaj, Managing Director and CEO of Slice, welcomed Pillai to the board and highlighted the importance of experienced banking professionals in shaping the company’s long-term strategy. According to him, strong governance and risk management systems are crucial for delivering reliable and secure financial services to millions of customers.
Slice’s Growing Digital Banking Vision
Founded in 2016 by Rajan Bajaj, Slice initially started as a fintech platform offering credit and payment solutions for young consumers. Over the years, the company expanded its services and moved towards building a digital-first banking ecosystem.
The company’s evolution accelerated after its merger with North East Small Finance Bank in 2024, which enabled it to operate as a technology-driven small finance bank. Today, Slice focuses on delivering accessible banking services through digital platforms.
With the addition of Sreedevi Pillai to its board, Slice aims to further strengthen its leadership structure while supporting its long-term vision of building a modern, technology-led banking platform in India.