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MUMBAI: North East Small Finance Bank (NESFB) has appointed Satish Kumar Kalra, a former senior executive at Andhra Bank, as its interim MD and CEO. The bank said NESFB’s board and RBI had approved the appointment. Kalra will take charge of the bank, which announced a merger with Slice in October, a fintech unicorn founded by Rajan Bajaj, which also has an NBFC licence.NESFB is promoted by RGVN North East (Rashtriya Gramin Vikas Nidhi), which obtained an MFI licence in 2015.
“This is an opportunity to be at the helm of a merger in the banking industry — a cross-cultural collaboration between two entities set to redefine the financial landscape by leveraging NESFB’s grassroots banking and Slice’s digital prowess.,” said Kalra.
“This is an opportunity to be at the helm of a merger in the banking industry — a cross-cultural collaboration between two entities set to redefine the financial landscape by leveraging NESFB’s grassroots banking and Slice’s digital prowess.,” said Kalra.
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