North East Small Finance Bank (NESFB) has merged with slice, marking a significant milestone in the region’s financial ecosystem. Completed on October 27, 2024, this merger combines NESFB’s deep regional presence with slice’s innovative technology, creating a new force in banking that is poised to drive financial inclusion and digital transformation in Northeast India.
With a strong Capital to Risk-weighted Assets Ratio (CRAR) of 23.5% and a net worth of ₹920 crores, NESFB is positioned for rapid growth and scalability. The bank’s improved financial health is also reflected in the reduction of its Net Non-Performing Assets (NNPA) to 4.6%, showcasing its commitment to financial discipline and robust risk management.
In Itanagar, this merger brings an exciting opportunity for innovation in banking. NESFB’s adoption of slice’s tech-driven solutions will empower local consumers with seamless digital banking experiences, offering easy access to essential financial products. As the demand for accessible and inclusive banking rises, NESFB is set to redefine financial services in the Northeast, making banking more efficient, transparent, and inclusive for communities across the region.
