North East Small Finance Bank (NESFB) announced significantly improved financial health following its merger with slice on October 27, 2024. The merger has resulted in a robust CRAR of 23.5%, a net worth of Rs 920 crores, and a reduced NNPA to 4.6%. This strengthened capital base will allow NESFB to expand its services, particularly in the underserved Northeast region, bringing advanced banking solutions to a wider population.
Managing Director & CEO of NESFB, Satish Kumar Kalra stated the merger marks a “new era of financial stability and operational excellence,” highlighting the bank’s commitment to sustainable growth and serving the community.
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