The slice Business Model of a Small Finance Bank
slice is a small finance bank listing savings and a UPI credit card.
Key Takeaways
- FY26 net profit was ₹48.4 crore, against a ₹216.7 crore net loss in FY25.
- FY26 total income more than doubled to ₹1,402.7 crore from ₹603.8 crore.
- Q1 FY27 net profit was ₹50.9 crore on total income of ₹413.8 crore.
- On 30 June 2026 the gross loan book was ₹5,098 crore and deposits ₹5,765 crore.
Table of Contents 12 sections
The slice business model is that of a small finance bank in India: it takes deposits, lends, and, per its website, lists a savings account and a UPI credit card. slice reported a net profit of ₹48.4 crore for FY26 on total income of ₹1,402.7 crore.
In the quarter ended 30 June 2026 (Q1 FY27) the bank reported a net profit of ₹50.9 crore on total income of ₹413.8 crore.
slice at a glance
| Item | Detail |
|---|---|
| What it is | A small finance bank, formed when slice merged with North East Small Finance Bank |
| Merger completed | 27 October 2024 |
| Products | Savings account and UPI credit card (as listed on its website) |
| FY26 total income | ₹1,402.7 crore |
| FY26 net profit | ₹48.4 crore |
| Q1 FY27 net profit | ₹50.9 crore |
| Chief executive | Rajan Bajaj, MD and CEO |
What slice does
slice is a small finance bank. Its website lists a savings account and a UPI credit card.
Rajan Bajaj is the MD and CEO.
How slice makes money
slice reported total income of ₹1,402.7 crore in FY26 and ₹413.8 crore in Q1 FY27.
On 30 June 2026 its deposits were ₹5,765 crore and its gross loan book was ₹5,098 crore.
slice revenue and profit
Total income was ₹1,402.7 crore in FY26 against ₹603.8 crore in FY25, an increase of 132%. slice reported a net profit of ₹48.4 crore in FY26 and a net loss of ₹216.7 crore in FY25.
In the March 2026 quarter (Q4 FY26) the bank reported a net profit of ₹20.4 crore. In Q1 FY27 total income was ₹413.8 crore against ₹298.6 crore in Q1 FY26, and net profit was ₹50.9 crore against a net loss of ₹10.1 crore.
slice results period by period
In FY25 slice reported total income of ₹603.8 crore and a net loss of ₹216.7 crore. This was the first financial year after the merger with North East Small Finance Bank was completed on 27 October 2024.
In FY26 total income rose to ₹1,402.7 crore, which is 2.32 times the FY25 figure, and the bank reported a net profit of ₹48.4 crore. Within that year, the March 2026 quarter (Q4 FY26) had a net profit of ₹20.4 crore.
In the June quarter of FY26 (Q1 FY26) slice reported total income of ₹298.6 crore and a net loss of ₹10.1 crore. In the June quarter of FY27 (Q1 FY27) total income was ₹413.8 crore, about 39% higher, and the bank reported a net profit of ₹50.9 crore.
The balance sheet changed over the same twelve months. On 30 June 2026 the gross loan book was ₹5,098 crore against ₹3,284 crore on 30 June 2025, and deposits were ₹5,765 crore against ₹3,038 crore. The gross NPA ratio moved from 6.31% to 4.36% and the net NPA ratio from 4.66% to 3.24% over the same period.
slice small finance bank balance sheet
On 30 June 2026 net worth was ₹896 crore. The gross loan book was up about 55% from ₹3,284 crore a year earlier, and deposits were ₹5,765 crore against ₹3,038 crore.
The gross NPA ratio was 4.36% against 6.31% a year earlier, and the net NPA ratio was 3.24% against 4.66%.
slice Business Model Canvas
slice's journey so far
| When | What happened |
|---|---|
| 27 October 2024 | Merger with North East Small Finance Bank completed |
| FY25 | Net loss of ₹216.7 crore on total income of ₹603.8 crore |
| FY26 | Net profit of ₹48.4 crore on total income of ₹1,402.7 crore |
| Q4 FY26 | Net profit of ₹20.4 crore |
| Q1 FY27 | Net profit of ₹50.9 crore reported in August 2026 |
Other small finance banks
slice is a small finance bank. AU Small Finance Bank is another small finance bank.
slice asset quality and past losses
The gross NPA ratio was 4.36% and the net NPA ratio 3.24% on 30 June 2026. The bank reported a net loss of ₹216.7 crore in FY25 before its FY26 profit.
Conclusion on the slice business model
slice is a small finance bank that takes deposits and lends. Its website lists a savings account and a UPI credit card.
It reported a net profit of ₹48.4 crore for FY26 on total income of ₹1,402.7 crore, and a net profit of ₹50.9 crore for Q1 FY27.
