Slice Small Finance Bank swings to profit in FY26; income more than doubles
26 May 2026, 05:59 PMGross non-performing assets (NPAs) improved to 4.81% at the end of March 2026 from 6.25% a year earlier.
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Slice Small Finance Bank reported a net profit of Rs 48.4 crore in the fiscal ended March 31, 2026 against a net loss of Rs 216.7 crore in the previous financial year.
FY26 marks the first full financial year after Slice completed its merger with North East Small Finance Bank in October 2024 following regulatory approvals.
The Bengaluru-based fintech-turned-bank's total income more than doubled to Rs 1,402.7 crore in FY26 from Rs 603.8 crore in FY25, supported by strong growth in interest income and other income.
Its interest earned during the fiscal increased to Rs 979.9 crore compared to Rs 409.2 crore in FY25. Income from advances and bills stood at Rs 890.6 crore, while income from investments came in at Rs 77.6 crore.
Other income surged to Rs 422.8 crore in FY26 from Rs 194.5 crore a year ago.
Total expenditure excluding provisions and contingencies rose to Rs 1,225.7 crore during the year from Rs 681.8 crore in FY25. Employee costs stood at Rs 459.1 crore compared to Rs 265.1 crore in the previous fiscal.
Operating profit before provisions and contingencies came at Rs 176.9 crore in FY26 against an operating loss of Rs 77.9 crore in FY25.
Provisioning and contingencies declined to Rs 123.6 crore from Rs 177.9 crore a year ago, helping the bank return to profitability.
On a quarterly basis, the bank posted a net profit of Rs 20.4 crore in Q4 FY26 compared to a net loss of Rs 89.9 crore in the corresponding quarter last year.
Gross non-performing assets (NPAs) improved to 4.81% at the end of March 2026 from 6.25% a year earlier, while net NPAs declined to 3.61% from 4.67%.
The bank’s capital adequacy ratio stood at 19.06% in Q4 FY26 compared to 20.30% in the year-ago quarter. Return on assets improved to 0.88% for FY26 against negative 7.78% in FY25.
Founded by Rajan Bajaj, Slice operates as a full-stack banking platform offering savings accounts, fixed deposits, UPI services, lending products, and UPI-based banking solutions.
The company has secured close to $400 million in funding so far, including a $220 million Series B round backed by Tiger Global Management and Insight Partners.
The company was reportedly in talks to raise $50-100 million at a valuation likely under $1 billion against its last known valuation of $1.3 billion.
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