Slice swings to Rs 48.4 cr profit in first full year as bank, revenue 2.3X to Rs 1,403 cr

Post-merger with North East Small Finance Bank, Slice booked Rs 1,403 cr revenue in FY26 versus Rs 604 cr a year earlier, flipping a Rs 217 cr loss into Rs 48.4 cr profit. Q4 alone delivered Rs 399.7 cr income and Rs 20.4 cr profit, with CRAR at 19.1% and debt-equity at 0.14.

— Source publishedTue, 26 May, 2026, 13:35 IST·First seen Tue, 26 May, 2026, 13:54 IST·Source Entrackr

What happened

Slice turned profitable in its first full year as a bank, posting Rs 48.4 cr profit in FY26 versus Rs 217 cr loss in FY25, with revenue jumping 2.3X to Rs 1,403

Key facts

  • Revenue Rs 1,403 cr FY26
  • Revenue Rs 604 cr FY25
  • 132% YoY growth
  • Q4 FY26 income Rs 399.7 cr
  • Profit Rs 48.4 cr FY26
  • Loss Rs 217 cr FY25
  • Q4 profit Rs 20.4 cr
  • Net worth Rs 875.3 cr
  • CRAR 19.1%
  • Debt-equity 0.14
  • $400M raised
  • $220M Series B

Why this matters

Slice validates the small finance bank acquisition playbook for fintechs seeking deposit licenses—watch for copycat M&A as neobanks chase regulated balance sheets to underwrite at scale.

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