Fintech firm Slice has appointed Sreedevi Pillai, former Chief General Manager for Risk Management at State Bank of India, as an Independent Director (Non-Executive) on its bank board.
Pillai brings over 36 years of banking leadership experience, most of it spent at SBI, where she played a key role in strengthening the bank’s operational risk framework, fraud monitoring systems, and enterprise-level risk governance across the institution and its group entities.
Strengthening Governance and Risk Framework
During her tenure at SBI, Pillai led initiatives to build advanced fraud detection frameworks, helping the bank become one of the first large commercial banks in India to deploy such capabilities at scale.
According to Slice, her appointment is part of the company’s effort to strengthen its institutional governance and risk management framework as it scales its banking operations.
Commenting on her appointment, Pillai said she looks forward to working with the leadership team to support robust governance, prudent risk management, and sustainable growth as the company builds a transparent and digitally driven banking platform.
Leadership Changes at Slice
The development follows another key leadership update at Slice. Last month, the company appointed its founder Rajan Bajaj as Managing Director and Chief Executive Officer. Bajaj previously served as Executive Director of the company.
Founded in 2016, Slice evolved from a consumer fintech startup into a regulated bank after merging with North East Small Finance Bank in 2024.
Growth and Investor Backing
Slice says it has served more than 20 million registered users, employs over 3,000 people, and has raised over $250 million in funding from investors including Tiger Global, Insight Partners, and Advent International.
With Pillai joining the board, Slice aims to strengthen governance standards and risk oversight as it continues building a digital-first banking platform in India.
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