North East Small Finance Bank (NESFB) announced significantly improved financial health following its October 27th merger with slice. The merger has resulted in a robust Capital to Risk-weighted Assets Ratio (CRAR) of 23.5%, a net worth of Rs 920 crores, and a reduced Net Non-Performing Assets (NNPA) to 4.6%.
Managing Director & CEO of NESFB, Satish Kumar Kalra stated the merger marks a “new era of financial stability,” enabling expansion of advanced banking solutions across the Northeast region.
The bank’s enhanced risk management and technological integration position it for continued growth and leadership in the Indian market.
