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Suryoday Small Finance Bank Ltd News

Q1 biz update: Suryoday SFB up 6% as Q1 loans grow 42% Y-o-Y, deposits 48%

Suryoday SFB stock: In a post market-hours exchange filing on Wednesday, Suryoday SFB said its June quarter loans and advances increased a staggering 42 per cent year-on-year (Y-o-Y) to Rs 9,037 crore

Q1 biz update: Suryoday SFB up 6% as Q1 loans grow 42% Y-o-Y, deposits 48%
Updated On : 04 Jul 2024 | 10:02 AM IST

Have no immediate requirement to be a universal bank: Suryoday SFB MD & CEO

Ramachandran says it is at least two years before the lender considers becoming a universal bank

Have no immediate requirement to be a universal bank: Suryoday SFB MD & CEO
Updated On : 19 May 2024 | 8:50 PM IST

Small finance bank stocks are on an uptrend. Does the rally have more legs?

Analysts believe that small finance banks have a much bigger role to play in the overall banking sector

Small finance bank stocks are on an uptrend. Does the rally have more legs?
Updated On : 16 Apr 2024 | 10:59 AM IST

Suryoday Small Finance Bank zooms 14% on healthy deposits and disbursements

The lender's gross advances stood at Rs 8,650 crore up 14 per cent quarter-on-quarter (q-o-q) and 41 per cent compared to the same period last year

Suryoday Small Finance Bank zooms 14% on healthy deposits and disbursements
Updated On : 04 Apr 2024 | 10:19 AM IST

Suryoday Small Finance Bank Q3 results: Profit rises 3-fold to Rs 57 cr

Suryoday Small Finance Bank on Thursday reported an over three-fold jump in net profit to Rs 57 crore in the third quarter ended December 2023, aided by higher core income and reduction in bad loans. The bank had earned a net profit of Rs 18 crore in the same quarter a year ago. Its total income increased to Rs 463 crore in the quarter against Rs 317 crore in the year-ago period, Suryoday Small Finance Bank said in a regulatory filing. The interest income improved to Rs 411 crore from Rs 292 crore in the same quarter of the previous financial year. Net interest income (NII) increased 34 per cent to Rs 246 crore from Rs 183 crore in the same quarter a year ago. The Gross Non-performing Assets (NPAs) of the bank declined to 2.9 per cent as compared to 4.2 per cent at the end of December 2022. Similarly, net NPA also came down to 1.4 per cent from 2.7 per cent recorded in the third quarter of previous fiscal. As a result, provisions and contingencies declined to Rs 38 crore as comp

Suryoday Small Finance Bank Q3 results: Profit rises 3-fold to Rs 57 cr
Updated On : 08 Feb 2024 | 10:06 PM IST