North East Small Finance Bank (NESFB) has reported significant financial growth after its successful merger with slice on October 27, 2024. The merger combines NESFB’s solid banking foundation with slice’s technological innovation, enhancing the bank’s financial strength and operational efficiency.
The bank now boasts a robust Capital to Risk-weighted Assets Ratio (CRAR) of 23.5%, ensuring its ability to absorb risks while driving future growth. With its net worth soaring to ₹920 crores, NESFB is well-positioned for further strategic expansion, particularly in the underserved Northeast region. Its improved Net Non-Performing Assets (NNPA) of 4.6% highlight better asset quality, reflecting the bank’s disciplined approach to risk management.
Mr. Satish Kumar Kalra, Managing Director & CEO of NESFB, expressed confidence in the bank’s future: “The merger has ushered NESFB into a new era of financial stability and operational excellence. With our strengthened capital base, we are excited to bring advanced banking solutions to communities that need them most.”
