Slice has appointed Sreedevi Pillai, former Chief General Manager – Risk Management at State Bank of India, as an Independent Director (Non-Executive) on its Bank Board. The move comes as the fintech firm strengthens its governance and risk oversight following its transition into a regulated banking entity.
Pillai brings 36 years of banking leadership experience, most of it at SBI, where she led Operational Risk Management, Fraud Prevention and Monitoring, and Enterprise and Group Risk Management across the bank and its group entities.
During her tenure, she oversaw the development of fraud detection frameworks that helped SBI become one of the first large commercial banks in India to deploy such capabilities at scale.
Her appointment comes as slice works to reinforce its institutional governance and risk foundations in line with its long-term growth strategy.
“We are glad to welcome Mrs. Pillai to the Board,” said Rajan Bajaj, MD & CEO, slice. “Building right from the very beginning and without compromise is what we’re trying to do with slice. And to be able to do that well for not a few, but everyone demands the kind of governance and risk expertise that only comes from leading institutions at scale. Mrs. Pillai has done exactly that. Her deep experience in operational risk, fraud oversight, and enterprise risk management at India’s largest bank makes her a tremendous addition to our Board. We are fortunate to have her with us as we build for a future where banking is delightful for every customer.”
“I am honored to join the Board of slice at this important stage of its evolution,” said Pillai. “The bank’s commitment to building a transparent, digitally driven, and inclusive banking platform aligns strongly with the evolving landscape of responsible finance in India. I look forward to working closely with Rajan, the leadership team, and the Board to contribute to robust governance, prudent risk management, and sustainable growth.”
Pillai holds an MSc in Mathematics from St. Stephen’s College, University of Delhi and professional certifications including FRM and SCR from the Global Association of Risk Professionals in the United States.
The development follows a recent leadership change 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 by Bajaj, slice began as a consumer fintech platform and became a regulated bank after merging with North East Small Finance Bank in 2024.
The company says it has served more than 20 million registered users, employs over 3,000 people and has raised more than $250 million from investors including Tiger Global, Insight Partners and Advent International.
