Roundup · Financial Services

Slice reports first profitable year with net profit of ₹48.4 Cr

What they do

Slice is a digital banking and payments company that acquired North East Small Finance Bank

The company posted a net profit of ₹48.4 Cr in FY26 after a ₹216.7 Cr loss the prior year

Total income rose 132% to ₹1,402.7 Cr while gross non-performing assets improved significantly

Slice reported its first profitable year in FY26 with a net profit of ₹48.4 Cr.
This marks a major turnaround from the ₹216.7 Cr net loss recorded in FY25.
Total income for FY26 surged 132% year-on-year to reach ₹1,402.7 Cr.
The company's net worth as of March 2026 stands at ₹875.3 Cr.
Gross NPA ratio (bad loans) improved to 4.81% from 6.25% in the previous year.
Retail term deposits and CASA (Current Account Savings Account) made up 94% of total deposits.
Capital to risk-weighted assets ratio was maintained at 19.1%.
Slice was founded in 2016 and acquired North East SFB in 2024.

RBI action on co-branded credit cards led Slice to acquire North East SFB.
The acquisition helped stabilize deposit bases and improve asset quality metrics.
Profitability signals successful integration and operational efficiency improvements.

Slice operates as a digital banking and payments platform.
It provides financial services through its mobile application and web interface.
The company focuses on retail banking products and digital transactions.
Slice manages deposits primarily through retail term deposits and savings accounts.
It maintains a strong capital position relative to its risk-weighted assets.
The company serves millions of users across India with digital banking solutions.
Slice leverages technology to offer seamless payment experiences to customers.
It has expanded its banking capabilities through strategic acquisitions like North East SFB.
The business model relies on interest margins and transaction fees.

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