North East Small Finance Bank (NESFB) has reported significant improvements in its financial health following its merger with slice on October 27, 2024. The merger combines NESFB’s solid banking foundation with slice’s technological innovations, enhancing the bank’s operational capabilities.
With a robust Capital to Risk-weighted Assets Ratio (CRAR) of 23.5%, NESFB is well-prepared for growth and risk absorption. Its net worth has increased to Rs 920 crores, and the Net Non-Performing Assets (NNPA) have improved to 4.6%, reflecting better asset quality and risk management.
Managing Director & CEO of NESFB, Mr. Satish Kumar Kalra emphasized the merger’s role in transitioning NESFB into a new era of stability and operational excellence, particularly in the underserved Northeast region. The bank aims to leverage advanced technology to provide accessible banking solutions to all socio-economic groups, reinforcing its commitment to sustainable growth and community empowerment.
