Results · Financial Services

Slice posts ₹50.9 crore profit in Q1 FY27

By Startup Enthusiast · 11 August 2026

What they do

Slice is a small finance bank offering digital banking, lending and payments

It reported a net profit of ₹50.9 crore in Q1 FY27, up from a loss of ₹10.1 crore a year ago

The profit exceeded its full FY26 profit of ₹48.4 crore, marking a strong turnaround after the NESFB merger

Slice reported a net profit of ₹50.9 crore in Q1 FY27, compared to a loss of ₹10.1 crore in the same quarter last year.
Profit grew 149% sequentially from ₹20.4 crore in Q4 FY26.
The Q1 FY27 profit exceeded the full FY26 profit of ₹48.4 crore.
Total income rose 38.6% year-on-year to ₹413.8 crore from ₹298.6 crore.
Profit before tax was ₹49.1 crore, versus a loss of ₹10.1 crore a year ago.
Gross loan book reached ₹5,098 crore, up about 55% from ₹3,284 crore a year earlier.
Deposits nearly doubled to ₹5,765 crore from ₹3,038 crore a year ago.
Gross non-performing asset ratio improved to 4.36% from 6.31% a year ago.

FY26 was slice's first profitable full year after merging with NESFB, earning ₹48.4 crore compared to a ₹216.7 crore loss in FY25.
The merger with NESFB was completed in October 2024, combining operations, assets and brand identities.
The RBI approved founder Rajan Bajaj as MD and CEO of slice Small Finance Bank earlier in 2026.

Slice is an RBI-licensed small finance bank offering digital banking, lending and payments.
It started as a fintech startup providing consumer payments and credit products, including BNPL (buy now, pay later).
Products include instant cashback sparks, UPI credit card, and a savings account at 5.25% p.a. linked to the repo rate.
The savings account offers zero balance, daily interest, and automatic spending categorization.
Corporate office is in Bangalore, Karnataka.

Tiger Global (existing) — Venture capital firm that invested in slice pre-merger.
Insight Partners (existing) — Global venture capital and private equity firm.
Advent International’s Sunley House Capital (existing) — Investment arm of Advent International.
Moore Strategic Ventures (existing) — Investment firm.
Anfa (existing) — Investor in slice.
Gunosy Capital (existing) — Japanese venture capital firm.

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