Slice undergoes major strategic pivot toward secured lending. The fintech-turned-bank is shifting away from its unsecured consumer credit roots following its 2024 merger with North East Small Finance Bank. Secured loans currently represent 22% of the portfolio but are expected to become the dominant segment within a decade. The bank's assets under management surged 78% year-on-year to 4,554 crore in FY26, while deposits more than doubled to 5,111 crore. CEO Rajan Bajaj highlighted loan against property and embedded finance as key growth areas, alongside secured merchant lending. The transition leverages Slice's new banking license to access cheaper deposit funding, fundamentally changing its lending economics and enabling organic portfolio expansion.
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