Slice Small Finance Bank posts net profit in Q1 FY27, total income rises 38%
The bank's asset quality improved, with gross non-performing assets (NPAs) declining to 4.36% from 6.31% and net NPAs reducing to 3.24% from 4.66% as of June 30, 2026.
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The bank's asset quality improved, with gross non-performing assets (NPAs) declining to 4.36% from 6.31% and net NPAs reducing to 3.24% from 4.66% as of June 30, 2026.
The funding round also saw participation from existing investor Negen Capital.
Loan disbursements rose 37% year-on-year to around Rs 3,812 crore during the first quarter of FY27.
BharatPe Capital currently manages a loan book of over Rs 1,750 crore and disburses around Rs 3,500 crore annually.
Total income rose 44% to Rs 53.5 crore during the year, up from Rs 37.1 crore in FY25.
The latest action is part of the RBI’s ongoing efforts to strengthen oversight of the NBFC sector.
The proposed debt fundraising comes only a few months after Aye Finance’s initial public offering (IPO).
The lenders would be permitted to deploy technology-based mechanisms to restrict functionalities of a borrower’s mobile device.
The Mumbai-based NBFC will use the fresh capital to support onward lending and finance residential and commercial & industrial (C&I) rooftop solar installations.
The fresh capital will be used to strengthen the platform's lending capabilities and support its growth,
The company will use the fresh capital to boost financing for solar energy solutions across rural India.
The average sanctioned ticket size during the April-December period was Rs 15,493.
The IPO comprises of fresh issue of shares worth up to Rs 1,500 crore, and an offer for sale (OFS) worth up to Rs 1,500 crore.
The investigation unit has registered a case under the Banning of Unregulated Deposit Schemes (BUDS) Act, 2019, and the probe is on.
Out of the total allocation of 3.52 crore equity shares to the anchor investors, 76.74 lakh equity shares were allocated to two domestic mutual funds through a total of 4 schemes.
The funding round also saw participation from existing investors Claypond Capital and SMBC Asia Fund.
After regulatory tightening, fintech lending adapted through MSMEs and LAP – creating growth that looks safer, but may not be.
The RBI's ban on Navi in 2024 marked a turning point for fintech lending. Nearly a year on, the sector is still searching for a restart.
Earlier in February this year, CreditAccess had raised $50 million from International Finance Corp (IFC).
Of the total, only 12% or Rs 1,06,548 crore of the overall value of personal loans accounted for fintech NBFCs in FY25.