Digital bank Slice reported a net profit of ₹20 crore in the fourth quarter of FY26, marking a turnaround from a net loss of ₹89 crore in the corresponding quarter last year. Total income for the quarter stood at ₹399 crore, reflecting continued growth in the company's lending and banking operations.

In FY25-26, the bank reported a net profit of ₹48.4 crore, compared with a net loss of ₹ 216 crore in FY24-25. Income has surged by 132 per cent year-on-year (y-o-y) to ₹1,402 crore from ₹603 crore.

Their capital-to-risk-weighted assets ratio stood at 19.1 per cent, which is above the norm of 11.5 per cent for private banks. The debt-to-equity ratio has gone from 0.97 to 0.14, showing that they are mostly relying on shareholder equity; this is lower than the minimum level of 0.5 that most private banks have. Their current and savings account (CASA) ratio stood at 39 per cent; this, along with retail term deposits accounted for 94 per cent of total deposits.

Commenting on the quarter's performance, the company spokesperson said, “This is a year we will look back on as a real turning point. The work now is to build on this, expand access to credit for customers who have historically been underserved and keep building the bank the right way. We are still very early but on the right track.”

The company plans to raise $80-$100 million in order to expand its physical and digital operations as well as increase its valuation to just under $1 billion. The company attempted to raise $250-$300 million last year from investors and family, but it did not materialise.

The company plans to expand its portfolio through secured loans and branches in cities like Mumbai, Bengaluru and Delhi.

Published on May 26, 2026