North East Small Finance Bank (NESFB) has reported substantial growth in its financial performance following the successful merger with slice, which was completed on October 27, 2024. This merger brings together NESFB’s established banking presence with slice’s cutting-edge technology, resulting in enhanced financial strength and operational efficiency.
NESFB now enjoys a strong Capital to Risk-weighted Assets Ratio (CRAR) of 23.5% and a net worth of ₹920 crores, positioning the bank for strategic expansion, particularly in the underserved Northeast region. The bank’s improved financial health is highlighted by a reduction in Net Non-Performing Assets (NNPA) to 4.6%, demonstrating better asset quality and disciplined risk management.
Mr. Satish Kumar Kalra, Managing Director & CEO of NESFB, commented, “The merger has strengthened our financial position and operational capabilities, enabling us to bring advanced banking solutions to the Northeast, particularly in communities that need them most.” NESFB’s enhanced financial standing and technological capabilities are expected to drive increased demand for digital banking services. The bank’s expansion in the region is poised to offer more accessible and inclusive banking options, supporting both individuals and businesses as they seek reliable financial services and opportunities for growth.
