Slice has appointed veteran banker Sreedevi Pillai as an independent, non‑executive director on its bank board to bolster governance and risk oversight as the company expands its digital banking operations in India. Pillai’s three decades of banking experience, including senior risk roles at the State Bank of India, will support Slice’s regulatory transition and growth as a technology‑led bank.
Experienced risk professional joins Slice board
Sreedevi Pillai brings more than 30 years of experience in the banking sector, most recently serving as Chief General Manager for Risk Management at the State Bank of India (SBI). At SBI she led risk frameworks, fraud monitoring and operational risk strategies across the bank, gaining deep exposure to compliance, credit risk and controls at scale.
Role and expected contribution
As an independent director, Pillai will advise on governance, regulatory compliance and risk management—areas that are critical for fintechs evolving into regulated banks. Her background in strengthening enterprise‑level controls and fraud prevention is expected to help Slice design resilient processes as it expands deposits, lending and payments services through digital channels.
Leadership perspective and strategic context
Rajan Bajaj, Managing Director and CEO of Slice, welcomed Pillai’s appointment and said experienced banking leadership is essential for shaping the company’s long‑term strategy. He emphasised that robust governance and risk systems are key to delivering secure financial services to a growing customer base.
From fintech to regulated bank
Founded in 2016 as a fintech focused on credit and payments for young consumers, Slice has been transitioning toward a digital‑first banking model. Its 2024 merger with North East Small Finance Bank enabled the company to operate as a technology‑driven small finance bank, accelerating product expansion and regulatory responsibilities.
With Pillai on the board, Slice aims to strengthen its leadership and governance as it pursues a modern, technology‑led banking platform targeted at mass adoption across India.
