Slice Small Finance Bank adds ex-SBI, ICICI Bank executives to board
Slice Small Finance Bank has appointed former SBI executive Samir Sawhney as executive director and former ICICI Bank executive Ramesh Kumar as independent director, as the bank reported a ₹50.9 crore Q1 FY27 profit.
What happened
slice Small Finance Bank · Slice Small Finance Bank appointed former SBI executive Samir Sawhney as executive director and former ICICI Bank executive Ramesh
Key facts
- Q1 FY27 PAT: ₹50.9 crore
- Q1 FY26 net loss: ₹10.1 crore
- Q1 FY27 total income: ₹413.8 crore
- Q1 FY26 total income: ₹298.6 crore
- Sequential total income: ₹399.7 crore
- Total income growth: 38.6% year-on-year
- Pre-merger funding: about $380 million
- Series B funding: $220 million
Why this matters
The bank’s upgraded leadership network and renewed profitability could make it a more credible partner for distribution, technology, and strategic growth alliances.
What to watch
- Quarterly loan-book growth versus deposit growth and changes in funding mix.
- Net interest margin, cost-to-income ratio and whether operating expenses rise faster than income.
- Gross and net NPA trends, credit-cost provisions and collection performance in unsecured cohorts.
- Capital adequacy and any equity raise, strategic investment or regulatory capital action.
- RBI disclosures, governance changes or further senior hires with risk, treasury or compliance backgrounds.
- Sustainability of quarterly profitability beyond the reported ₹50.9 crore Q1 FY27 PAT.
- Strengthen board and committee oversight across risk, audit, credit and regulatory compliance.
- Prioritize granular retail deposits and lower-cost funding to reduce reliance on expensive funding sources.
- Calibrate loan growth toward secured, higher-quality or better-underwritten customer segments.
- Invest in collections, fraud controls, underwriting analytics and early-warning systems.
- Use the return to profitability to build capital buffers and improve market confidence ahead of potential future fundraising or balance-sheet expansion.