India, Jan. 27 -- slice is reportedly in discussions to raise $250-300 Mn from a group of financial investors and family offices.

According to an ET report, this marks slice's first major fundraising initiative following its merger with North East Small Finance Bank, which has received approval from the Reserve Bank of India (RBI).

slice has informed the RBI about its fundraising plans for the year.

The Bengaluru-based company has also secured regulatory approval to operate under its new identity, slice Bank, broadening its scope beyond fintech. Its merger with the Assam-based North East Small Finance Bank was approved in October.

Meanwhile, slice has begun rolling out banking services to select user groups, offering competitive inter...