Slice Small Finance Bank Reports Profit After North East Merger
Slice swings to profit in first full year after North East SFB merger
Image: The Economic Times
Slice Small Finance Bank achieved a net profit of ₹48.4 crore for FY26, its first full year post-merger with North East Small Finance Bank, rebounding from a ₹216.7 crore loss in FY25. Total income soared to ₹1,402.7 crore, reflecting a significant turnaround.
- 01Slice's net profit for FY26 reached ₹48.4 crore, a recovery from a ₹216.7 crore loss in FY25.
- 02Total income more than doubled to ₹1,402.7 crore in FY26 from ₹603.8 crore in FY25.
- 03The bank's capital to risk-weighted assets ratio improved to 19.1%, exceeding regulatory standards.
- 04Slice's debt-equity ratio improved significantly to 0.14 from 0.97 a year prior.
- 05The bank has launched Slice One, a self-serve banking machine for merchant and business banking.
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Slice Small Finance Bank has reported a net profit of ₹48.4 crore for the fiscal year 2026, marking its first full year of profitability following the merger with North East Small Finance Bank. This is a significant turnaround from a ₹216.7 crore loss in the previous fiscal year. The bank's total income surged to ₹1,402.7 crore, more than doubling from ₹603.8 crore in FY25. For the March 2026 quarter, Slice recorded a net profit of ₹20.4 crore on a total income of ₹399.7 crore, contrasting with a net loss of ₹89.9 crore in the same quarter last year. Despite facing challenges in its initial year post-merger, including a weak loan book from North East Small Finance Bank, Slice has improved its capital ratios, with a capital to risk-weighted assets ratio of 19.1%. The bank is currently seeking to raise between $50-100 million to reposition itself as a digital bank. A spokesperson emphasized the importance of this year as a turning point for the bank, aiming to expand access to credit for underserved customers.
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The bank's profitability and improved capital ratios may enhance its lending capacity and financial stability.
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