North East Small Finance Bank

Name

North East Small Finance Bank

Legal name

North East Small Finance Bank

Website

https://nesfb.com

Company type

Private

Founded year

2015

Operating status

Acquired

Headcount range

1,001–5,000 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Guwahati

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Interest Income from Lending: Interest income from retail lending operations including loans and advances to customers
2. Interest on Deposits: Interest earned on retail term deposits and CASA (Current and Savings Account) deposits, with CASA ratio at 39.8%
3. Digital Banking Services: Fee income from digital banking products and UPI transactions

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

North East Small Finance Bank is an RBI-regulated small finance bank that provides retail banking services — savings accounts, fixed deposits, retail lending, and UPI-led digital payments — to under-served and unbanked populations across Northeast India through 887+ branches in 105 districts. Following its October 2024 merger with fintech startup Slice, the combined entity Slice Small Finance Bank also delivers an AI-native digital banking platform, including an AI-powered 'personal CFO' feature in the mobile app and India's first AI-powered physical banking branch in Guwahati offering instant onboarding, QR-based banking, and same-day interest.

Product overview

North East Small Finance Bank, following its merger with fintech company Slice in October 2024, operates as Slice Small Finance Bank - India's first fintech bank. The combined entity offers a unified digital banking platform with UPI-led banking products, savings accounts, fixed deposits, and retail lending. The core platform integrates an AI-powered 'personal CFO' feature (in beta) for personalized financial advisory, and operates India's first AI-powered physical banking branch in Guwahati featuring AI-enabled kiosks, instant onboarding, QR-based banking, and digital passbook services. The company is preparing to expand into wealth management services, targeting growth from 11 million to over 70 million users by FY30.

Differentiator

Problem solved

Functional benefit

Products and services

• Slice Small Finance Bank Digital Banking Platform (Savings Accounts, Fixed Deposits, Retail Loans, UPI-Led Products) A digital-first banking platform offering savings accounts, fixed deposits, retail lending (loans and advances), and UPI-led banking products. Targets retail customers in India, particularly the Northeast, and serves over 20 million users post-merger.
• AI-Powered Digital Banking Branch (India's First AI-Powered Bank Branch) Physical AI-powered banking branch located in Guwahati, featuring AI-enabled kiosks, QR-based banking, instant onboarding, digital passbook printing, and same-day interest features for retail customers. Targets financial inclusion in underserved Northeast regions.
• AI-Powered 'Personal CFO' Feature in Mobile Banking App AI-powered personal financial management feature embedded in the Slice banking app that tracks user balances, flags idle funds, monitors maturing deposits, builds savings prompts around user goals, and warns users about potential cash crunches before they happen. Available to mobile app retail banking customers with planned expansion into investment offerings.
• Senior Citizen Fixed Deposits Fixed deposit product tailored for senior citizen customers, offering an additional 50 basis points over regular FD rates for financial inclusion of elderly customers. Available across the bank's branch network.

Quantifiable outcome

• 4 million+ savings accounts opened within one year of full banking operations
• +2 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability7 records

Feature3 records

Partnerships

Two partnerships are on record, tiered flagship and core.

• Department of Financial ServicesflagshipStrategic or Co-development Partner · 28 May 2026Secretary of Department of Financial Services chaired regional review meeting of North Eastern Regional Rural Banks, emphasizing digital banking expansion and financial inclusion for unbanked populations across 887 branches.
• NPCI (National Payments Corporation of India)coreTechnology or Integration · 16 May 2026NPCI MD & CEO Dilip Asbe attended the inauguration of India's first AI-powered digital banking branch of Slice Small Finance Bank, supporting UPI-based digital payment infrastructure integration.

Scale indicators12 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Jana Small Finance Bank: Indian SFB emerging from microfinance, focused on financial inclusion and serving rural and semi-urban customers. Comparable in regulatory category, target segment, and product offerings.
• AU Small Finance Bank: One of India's largest small finance banks, offering deposits, lending, and digital banking to underserved and small business customers. Directly comparable to Slice Small Finance Bank in license category, target segments, and product mix, with a far larger balance sheet providing scale benchmarks.
• ESAF Small Finance Bank: Indian SFB serving microfinance and underserved customers with savings, deposits, and lending products. Comparable license category and inclusion-focused customer segments.
• Unity Small Finance Bank: One of the newer SFBs in India, focused on financial inclusion and serving underserved retail and small business customers. Comparable in regulatory category, customer focus, and product mix.
• Equitas Small Finance Bank: SFB serving micro-entrepreneurs, small businesses, and underserved retail customers with savings, lending, and digital banking products. Highly comparable business model and target customer base as Slice SFB.
• Suryoday Small Finance Bank: SFB focused on micro-banking, affordable housing finance, and serving underserved segments. Directly comparable regulatory status and customer base, with similar lending-led business model.
• Ujjivan Small Finance Bank: Indian SFB focused on financial inclusion, microfinance-to-bank conversions, and serving underserved populations. Directly comparable given the same RBI small finance bank license, similar deposit and lending products, and overlapping customer segments.

Emerging players

• Jupiter: India-based digital-first banking platform targeting tech-savvy retail consumers with AI-powered personal finance management features. Comparable as an emerging digital banking competitor targeting similar user segments, though it operates without an SFB license.

Broad incumbents

• Bandhan Bank: Indian commercial bank with roots in microfinance serving underserved and small business segments across India. Comparable customer segments (microfinance/underserved), but operates as a full commercial bank with national footprint and broader product suite.

Regional players

• Federal Bank: Indian private-sector bank with strong presence in South India and growing digital banking focus. Comparable as a regional bank pursuing digital transformation, though operating with a different license and broader geographic footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/nesfb

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about North East Small Finance Bank