Results · Financial Services
slice SFB posts profit, cuts bad loans
By Startup Enthusiast ·
- Date
- Company
- Slice
- What it does
- Digital lending platform
- Kind
- Results
- Founded
- 2016
- Sector
- Financial Services
What they do
Slice SFB posted ₹27.97 Cr profit in first nine months of FY26
What happened
Operating income tripled to ₹403.27 Cr in FY25
Why it matters
Gross bad loans nearly halved to 6.25% using behavioural data underwriting
The details
- slice acquired North East Small Finance Bank (NESFB) in 2023.
- The acquisition merged operations, capital, tech, and staff, with founder Rajan Bajaj betting on the bank.
- In FY25, slice SFB's operating income more than tripled year-on-year to ₹403.27 Cr.
- Gross NPA (bad loans) nearly halved to 6.25% in FY25.
- In the first nine months of FY26, slice SFB reported a profit of ₹27.97 Cr.
- The bank introduced a proprietary underwriting stack using behavioural data, real-time signals, and digital transaction trails.
- The RBI's 2022 crackdown on co-branded cards and BNPL startups had barred them from extending credit lines.
The bigger picture
- The improved financials show the turnaround strategy is working.
- The underwriting stack is key to cutting bad loans while scaling.
About the business
- slice operates a digital lending and payments platform.
- It offers credit cards and personal loans to consumers.
- Through slice SFB, it provides banking services including deposits and lending.
- The company uses a proprietary underwriting stack for risk management.
- It serves individual consumers across India.
- Revenue comes from interest on loans and fees.
The deal
- Type
- results
Founders
- Rajan Bajaj, Founder
About Slice
- Customers
- Individual consumers seeking credit products, wealth management and banking services
- How it makes money
- Digital-first lending and small finance bank operations with credit card and investment products
- What sets it apart
- Pivoted from fintech unicorn to regulated Small Finance Bank with RBI approval
More on Slice
- Slice raises $100 million at $450 million valuation3 September 2026 · Funding · $100 million
- slice appoints new board members for banking operations24 August 2026 · People
- Slice posts ₹50.9 crore profit in Q1 FY2711 August 2026 · Results
- Slice reports first profitable year with net profit of ₹48.4 Cr27 May 2026 · Roundup
- Slice reports first full-year profit after bank conversion26 May 2026 · Results · ₹48.4 Cr
- Slice appoints ex-SBI risk head as independent director12 March 2026 · Analysis
- Rajan Bajaj approved as MD and CEO of slice SFB16 February 2026 · People
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