North East Small Finance Bank (NESFB) has posted impressive financial growth following its merger with slice, completed on October 27, 2024. The merger integrates NESFB’s established banking foundation with slice’s cutting-edge technology, resulting in stronger operational capabilities and an enhanced capital structure. NESFB now boasts a Capital to Risk-weighted Assets Ratio (CRAR) of 23.5% and a net worth of ₹920 crores, providing the bank with a robust platform for strategic expansion.
The bank’s improved financial health is further reflected in the reduction of Net Non-Performing Assets (NNPA) to 4.6%, showcasing effective risk management and better asset quality. “This merger has positioned NESFB to lead in providing tech-driven banking solutions, especially in underserved regions,” said Mr. Satish Kumar Kalra, Managing Director & CEO of NESFB.
In Itanagar, this merger brings exciting prospects. With a strengthened capital base and access to advanced technology, NESFB is well-positioned to meet the growing demand for accessible banking services. Local consumers can expect improved digital banking solutions, which will not only drive financial inclusion but also contribute to the region’s broader economic development, making NESFB a key player in Northeast India’s financial landscape.
