North East Small Finance Bank (NESFB) has achieved significant financial growth following its merger with slice, completed on October 27, 2024. This strategic merger combines NESFB’s established banking network with slice’s innovative technological solutions, bolstering the bank’s operational efficiency and financial strength. NESFB now boasts a robust Capital to Risk-weighted Assets Ratio (CRAR) of 23.5% and a net worth of ₹920 crores, positioning it for further expansion and investment, especially in the underserved Northeast region.
The bank’s improved financial health is also evident in its Net Non-Performing Assets (NNPA), which have dropped to 4.6%, reflecting enhanced asset quality and strong risk management. “The merger has strengthened NESFB’s financial stability and operational excellence,” said Mr. Satish Kumar Kalra, Managing Director & CEO of NESFB.
Looking at Imphal, NESFB’s merger is expected to have a significant impact, as the region increasingly demands more accessible and tech-driven banking services. With the improved capital base and advanced technology, NESFB is well-placed to cater to the growing needs of both individuals and businesses in Imphal, driving financial inclusion and providing tailored banking solutions that support sustainable growth in the region.