When slice completed its merger with the troubled North East Small Finance Bank (NESFB) on October 27, 2024, amid RBI’s clampdown on co-branded credit cards, many saw it as a gamble that was doomed to fail. One year, two months, and four days later, as of December 31, 2025, the Rajan Bajaj-led fintech unicorn, and now a small finance bank (SFB), had already turned it all around.
NESFB, which traces its origins to Rashtriya Gramin Vikas Nidhi — a microfinance society founded in 1995 — had a gross non-performing asset (NPA) of 11.89%…

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