Fintech company Slice has appointed Sreedevi Pillai, former Chief General Manager of Risk Management at State Bank of India, as an Independent Director (Non-Executive) on its bank board. Pillai brings over 36 years of experience in the banking sector, most of which she spent at SBI. During her tenure at the bank, she handled key responsibilities related to operational risk management, fraud prevention and monitoring, and enterprise-wide risk management across the bank and its group companies.
She also played a significant role in developing fraud detection frameworks, helping SBI become one of the first major commercial banks in India to implement such systems at scale.
Strengthening Governance and Risk Framework
According to Slice, Pillai’s appointment is part of the company’s efforts to strengthen its institutional governance and risk management framework as it continues to grow as a regulated financial institution.
Speaking about her new role, Sreedevi Pillai said that Slice’s vision of building a transparent, digital-first and inclusive banking platform aligns with the evolving landscape of responsible finance in India.
She added that she looks forward to working closely with Rajan Bajaj, the leadership team and the board to support strong governance practices, prudent risk management and sustainable growth.
Leadership Changes at Slice
The appointment follows a recent leadership update at Slice. Last month, the company named its founder Rajan Bajaj as Managing Director and Chief Executive Officer. Bajaj previously served as the Executive Director of the company.
Rajan Bajaj founded Slice in 2016, initially as a consumer-focused fintech startup. The company later transitioned into a regulated banking entity after merging with North East Small Finance Bank in 2024.
Growth and Investor Backing
Over the years, Slice has expanded its digital banking services and built a large user base. The company says it has more than 20 million registered users and employs over 3,000 people.
Slice has also raised more than $250 million in funding from global investors including Tiger Global, Insight Partners, and Advent International.
With the addition of an experienced banking leader like Sreedevi Pillai to its board, Slice aims to further strengthen its governance structure as it scales its digital banking operations in India.
-By Shivani Solanki
