North East Small Finance Bank (NESFB) has witnessed substantial growth in its financial health and stability following the successful completion of its merger with slice on October 27, 2024. This merger, which integrates NESFB’s established banking foundation with slice’s technological innovation, has strengthened the bank’s financial metrics and operational capabilities, paving the way for a stable and resilient future for its stakeholders.
With a robust Capital to Risk-weighted Assets Ratio (CRAR) of 23.5%, the bank is equipped to absorb risks and drive growth, building confidence among its stakeholders. The bank is now well-positioned for strategic expansion and investment, especially in the underserved Northeast region, with its net worth rising to ₹920 crores.
Mr. Satish KumarKalra, Managing Director & CEO of NESFB, commented on the strengthened position: “The merger has truly ushered NESFB into a new era of financial stability and operational excellence.” By using slice’s advanced technology, NESFB is focused on empowering people across all socio-economic backgrounds, giving them easy access to financial independence. The improved financial health and operational capacity of NESFB underscores its dedication to serving institutional partners and customers with transparency and reliability.
