Slice Small Finance Bank reports Q1 profit after tax
Slice Small Finance Bank achieved a profit after tax of ₹50.9 crore in the June quarter, marking a significant turnaround from the previous year. Total income rose by 39% year-on-year.
Slice Small Finance Bank swung to a profit after tax (PAT) of ₹50.9 crore in the June quarter of FY27, a substantial turnaround from a net loss of ₹10.1 crore in the same period last year. The bank's performance also showed sequential growth, with PAT surging 149% from the previous quarter.
Total income for the quarter increased by 38.6% to ₹413.8 crore, up from ₹298.6 crore in the prior-year period. This growth in revenue contributed to the improved profitability.
The bank reported strong balance sheet expansion, with its gross loan book growing approximately 55% to ₹5,098 crore as of June 30, 2026. Deposits nearly doubled to ₹5,765 crore during the same timeframe, indicating increased customer trust and participation.
This profitability follows Slice's merger with North East Small Finance Bank (NESFB) and marks its first profitable full financial year post-merger. The entity, originally founded as a fintech startup in 2016, now operates as an RBI-licensed small finance bank, offering a range of digital banking, lending, and payment services.