North East SFB renamed to slice Small Finance Bank in RBI Schedule
Current · Source: Reserve Bank of India · RBI/2025-26/38 · issued 21 May 2025 · ~1 min read
Quick answerRBI has officially changed the name of 'North East Small Finance Bank Limited' to 'slice Small Finance Bank Limited' in the Second Schedule of the RBI Act, 1934, effective from May 14, 2025.
The rule, in the simplest words
The bank’s official name has changed from North East Small Finance Bank Limited to slice Small Finance Bank Limited (the new name).
This change is effective from May 14, 2025, and is recorded in the RBI’s (Reserve Bank of India, the country’s central bank) official schedule.
All banks, lenders, and payment operators must update their records, databases, and documents to use the new name.
Contracts, agreements, and legal papers that mention the old name should be amended to avoid compliance gaps.
Compliance and operations teams must inform regulators and use the new name in all filings and settlement instructions.
How it plays out — a real example
A compliance officer named Priya at a small finance bank in Jaipur receives the RBI notification. She immediately updates the bank’s internal database, revises all loan contracts to replace ‘North East Small Finance Bank Limited’ with ‘slice Small Finance Bank Limited’, and sends a memo to the operations team to use the new name in all future settlement instructions.
What changed
The Reserve Bank of India has updated the Second Schedule to the RBI Act, 1934, replacing the name 'North East Small Finance Bank Limited' with 'slice Small Finance Bank Limited'. This change was effected through Notification DoR.LIC.No.S1134/16.13.216/2025-26 dated May 14, 2025, and published in the Gazette of India on May 16, 2025.
What it means for you
For banks and lenders, this is a formal regulatory name change that must be reflected in all internal systems, records, and communications. The entity now legally operates as slice Small Finance Bank, and any references to the old name in contracts, databases, or reporting should be updated to avoid compliance gaps.
What you must do
Update your internal systems and databases to reflect the new name 'slice Small Finance Bank Limited'.
Amend any existing contracts, agreements, or legal documents that reference the old name.
Inform your operations and compliance teams to use the new name in all regulatory filings and correspondence.
Review and update any interbank settlement or payment instructions involving this bank.
Who it affects
All scheduled commercial banks, Small finance banks, Payment system operators, Regulatory compliance teams, Legal and documentation departments
❓ Common questions
Regulatory timeline
Stated effective dateeffective from May 14, 2025
Decoded by BankPulse2026-06-18 01:54 IST
Built from our lineage records — each fact carries its provenance; missing history simply is not shown (never guessed).
When did the name change become effective?
The name change was effected by RBI notification dated May 14, 2025, and published in the Gazette of India on May 16, 2025.
Does this change affect the bank's regulatory status?
No, the bank remains a small finance bank under the Second Schedule of the RBI Act, 1934, only its name has been altered.
📜 Read the original circular — full text as issued by RBI
RBI/2025-26/38
DoR.RET.REC.20/12.07.160/2025-26
May 21, 2025
All Banks,
Madam / Sir,
Alteration in the name of “North East Small Finance Bank Limited” to “slice Small Finance Bank Limited” in the Second Schedule to the Reserve Bank of India Act, 1934
It is advised that the name of “North East Small Finance Bank Limited” has been changed to “slice Small Finance Bank Limited” in the Second Schedule to the Reserve Bank of India Act, 1934 by Notification DoR.LIC.No.S1134/16.13.216/2025-26 dated May 14, 2025, which is published in the Gazette of India (Part III-Section 4) dated May 16, 2025.
Yours faithfully,
(Manoranjan Padhy)
Chief General Manager
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2025-26/38 · issued 21 May 2025. The plain-English explanation above is BankPulse’s own independent summary.
Inform your operations and compliance teams to use the new name in all regulatory filings and correspondence.
Review and update any interbank settlement or payment instructions involving this bank.
💻 IT / Systems
Update your internal systems and databases to reflect the new name 'slice Small Finance Bank Limited'.
📜 Compliance
Amend any existing contracts, agreements, or legal documents that reference the old name.
Grouped from the action items above — a single circular may involve more than one team.
Worked example & action-note template
Example: if you are an IT/Systems lead at a bank this circular applies to (All scheduled commercial banks, Small finance banks, Payment system operators, Regulatory compliance teams, Legal and documentation departments), your first concrete step on “North East SFB renamed to slice Small Finance Bank in RBI Schedule” is: “Update your internal systems and databases to reflect the new name 'slice Small Finance Bank Limited'.” (RBI issued this 21 May 2025).
Circular: RBI/2025-26/38 -- North East SFB renamed to slice Small Finance Bank in RBI Schedule
Issued: 21 May 2025
Action required: Update your internal systems and databases to reflect the new name 'slice Small Finance Bank Limited'.
Action required: Amend any existing contracts, agreements, or legal documents that reference the old name.
Action required: Inform your operations and compliance teams to use the new name in all regulatory filings and correspondence.
Action required: Review and update any interbank settlement or payment instructions involving this bank.
Owner: ____________ Target date: ____________
Board/committee approval needed? Y / N
Evidence filed in compliance register on: ____________
Built only from this circular’s own published fields — not legal advice; always confirm against the official RBI source.
💬 Banker Discussion
Discuss this circular with fellow bankers — reply, upvote what helps, report what doesn’t belong. Be professional; no client data. Views are the commenter’s own, not BankPulse’s.
BankPulse Compliance Evidence Pack — generated 03 Aug 2026 · status cross-checked against RBI’s official withdrawal register (refreshed weekly). Official RBI source: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12850&Mode=0 — Plain-English summary by BankPulse (bankpulse.ai), reviewed by our expert reviewer, CA Amit Jain. Independent platform, not affiliated with the Reserve Bank of India; is our own plain-English paraphrase, not RBI’s original wording.
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