NESFB Strengthens Financial Position After Merger with Slice

The bank now boasts a robust Capital Risk-weighted Assets Ratio (CRAR) of 23.5 per cent, which enhances its ability to absorb risks and fuel growth. This is further reflected in its net worth, which has grown to Rs 920 crores.

26 Nov 2024 20:08 IST

New Update

North East Small Finance Bank (NESFB) has reported significant improvements in its financial stability following its merger with Slice on October 27, 2024. The merger combines NESFB's long-standing banking expertise with Slice's cutting-edge technology, bolstering the bank’s financial metrics and operational capabilities, and positioning it for a strong future.

Merger