Now Reading: slice SFB appoints former SBI, ICICI executives to board
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slice SFB appoints former SBI, ICICI executives to board
slice Small Finance Bank has appointed former SBI chief general manager Samir Sawhney as executive director and former ICICI Bank senior executive Ramesh Kumar as an independent director. The bank’s board approved…
slice Small Finance Bank has appointed former SBI chief general manager Samir Sawhney as executive director and former ICICI Bank senior executive Ramesh Kumar as an independent director. The bank’s board approved both appointments, while the RBI cleared Sawhney’s executive director role.
Sawhney brings over three decades of banking experience, including treasury operations at SBI and leadership of RMBS Development Company. Kumar spent two decades leading technology and software development functions at ICICI Bank and advised slice during its merger with North East Small Finance Bank.
The appointments follow slice’s transition from a fintech into a small finance bank after completing the merger in October 2024. The bank reported a Q1 FY27 profit of Rs 50.9 crore, against a Rs 10.1 crore loss a year earlier, while total income rose to Rs 413.8 crore.
Indian Opinion Analysis
Small finance banks operate under an RBI framework designed to extend formal credit and deposits to underserved customers, while maintaining tighter obligations than ordinary commercial banks. Their boards therefore carry responsibility across lending, technology, risk controls and regulatory compliance. For slice, the combination of treasury and technology experience addresses two distinct demands of scaling a newly merged bank. The RBI’s small finance bank licensing and supervisory framework will remain the institutional reference point for its expansion and governance decisions.
Source: inc42.com
This story was synthesised by AI from the source linked above.
