North East Small Finance Bank (NESFB) has posted impressive financial growth following its merger with slice, which was completed on October 27, 2024. The merger integrates NESFB’s strong banking foundation with slice’s technological prowess, enhancing the bank’s financial stability and operational capacity. The result is a fortified balance sheet, with a Capital to Risk-weighted Assets Ratio (CRAR) of 23.5%, and a net worth of ₹920 crores, positioning NESFB for future growth and expansion, particularly in the underserved Northeast region.
The bank has also improved its Net Non-Performing Assets (NNPA) to 4.6%, reflecting strong risk management and asset quality. “The merger has paved the way for NESFB’s financial stability and operational excellence,” said Mr. Satish Kumar Kalra, Managing Director & CEO of NESFB. “We’re excited to bring advanced banking solutions to communities in the Northeast, enhancing financial inclusion.”
In Shillong, NESFB’s merger signals a significant opportunity for growth, especially as demand for digital banking services and financial inclusion rises. The bank’s expanded offerings, coupled with enhanced technology, are expected to cater to the region’s growing need for accessible financial services, creating a more resilient and tech-driven banking environment for local consumers and businesses alike.
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