North East Small Finance Bank
A small finance bank providing banking and credit solutions in North East India, now merged with a fintech firm to enhance its digital offerings.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| investor | €0.0 Valuation: €0.0 | round | |
* | N/A | Acquisition | |
| Total Funding | 000k | ||
Related Content
North East Small Finance Bank (NESFB) is a small finance bank in India that provides a range of banking and financial services. The bank's product portfolio includes savings accounts, fixed deposits, recurring deposits, and various loan products. NESFB primarily serves customers in the North Eastern states of India.
A significant development for the bank is its merger with Slice, a fintech firm. This merger is expected to enhance NESFB's digital banking capabilities and expand its product offerings. Following the merger, the bank is slated to be rebranded as Slice Small Finance Bank. The bank's business model focuses on providing accessible financial services to the underbanked and unbanked populations in its operational areas. Revenue is generated through interest income on loans, fees for banking services, and returns on investments.
Keywords: small finance bank, digital banking, fintech merger, financial services, credit solutions, North East India, retail banking, fixed deposits, savings accounts, loan products
