India, Feb. 17 -- The Reserve Bank of India (RBI) has approved the appointment of slice founder Rajan Bajaj as the MD and CEO of slice Small Finance Bank (SFB). The appointment will take effect from February 17.

Bajaj, who was the executive director of the bank till now, will succeed Satish Kumar Kalra in his new role.

Notably, slice SFB posted a net profit of Rs.28 Cr in the first nine months of FY26, it said in a statement. It had reported a profit of Rs.6.5 Cr in H1 FY26, according to a Crisil Ratings report.

The profitability came shortly after slice merged with the North East Small Finance Bank (NESFB). The amalgamation, which completed in October 2024, unified the operations, assets and brand identities of both entities into a si...