slice to rebrand as Small Finance Bank, plans fundraise for expansion

Quick Summary:

The merger, which has already received some regulatory approvals, including an NOC from the RBI, marks the creation of India’s first fintech bank.

Its Capital to Risk-Weighted Assets Ratio (CRAR) has risen to 23.67%, and the bank’s Net Non-Performing Assets (NNPA) have improved from 6.69% to 4.62%.

The documents showed that the bank’s net worth is now Rs 912.58 crore post the merger.

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Article Details

Author / Journalist: Sayan Sen

Category: StartupsEconomyBusiness

Markets: India

Topics: Merger Regulatory Million Slice Privacy Fintech Expansion Small Policy Finance Bank

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-27 @ 06:56:29 (4 days ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 339 words

Reading Time: 2 minutes read

Sentences: 20 lines

Sentence Length: 17 words per sentence (average)

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Copyright Owner: © YourStory

News ID: 25490263

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