Northeast Small Finance Bank announced in a statement on Monday that it has appointed Satish Kumar Kalra as interim managing director and chief executive officer.
Kalra’s appointment has also received approval from the Reserve Bank of India, apart from the Guwahati-based bank’s board of directors.
Kalra’s career spans over 40 years in the banking industry in association with PNB Gilts Ltd, Indbank Merchant Banking Services Ltd, JK Cement Ltd and Can Fin Homes.
He is expected to lead the ongoing merger of Northeast Small Finance Bank and Slice, with a focus on optimizing banking operations and seamless cultural integration between the two companies, according to a statement.
RBI has approved the merger of fintech startup Slice and Northeast Small Finance Bank to ensure financial inclusion.
Slice is based in Bangalore and runs a non-banking finance company called Quadrillion Finance Pvt, which provides credit to India’s youth. North East Small Finance Bank has 208 branches across northeastern states and West Bengal.