Suryoday Small Finance Bank Q1 FY27: Advances up 32.5%, CASA surges 53.4%
Suryoday Small Finance Bank reported strong Q1 FY27 results with gross advances growing 32.5% YoY to ₹14,374 crore and total deposits increasing 29.4% YoY to ₹14,634 crore. The CASA ratio improved significantly with a 53.4% surge in balances, while the GNPA ratio reduced to 6.6%. The bank also maintained high collection efficiency and substantial coverage under the CGFMU scheme.
*this image is generated using AI for illustrative purposes only.
Suryoday Small Finance Bank reported robust growth in its lending and deposit portfolios for Q1 FY27, with gross advances climbing 32.50% year-over-year to ₹14,374 crore. Total deposits increased 29.40% year-over-year to ₹14,634 crore, driven by a 53.40% surge in Current Account Savings Account (CASA) balances to ₹3,072 crore. These figures underscore the bank's expanding footprint in the small finance banking segment, supported by healthy credit demand and improved liability franchise.
Asset Quality and Portfolio Details
The bank maintained stable asset quality, with the Gross Non-Performing Assets (GNPA) ratio improving to 6.6% in Q1 FY27 from 8.5% in the corresponding period last year. The net NPA stood at ₹559 crore, while provisions totaled ₹372 crore. Approximately 98% of the bank's Inclusive Finance portfolio is covered under the Credit Guarantee Fund for Micro Units (CGFMU) scheme, a prudent risk management practice. As of June 30, 2026, the bank claimed and received ₹387 crore under CGFMU, with a balance claimable amount of ₹134 crore.
Operational Performance
Disbursements for the quarter rose 30.60% year-over-year to ₹2,954 crore, though they declined 4.00% sequentially. Excluding Supply Chain Finance (SCF), disbursements grew 32.90% year-over-year to ₹2,552 crore. Collection efficiency remained high, with the overall collection efficiency at 99.2% and the 1 EMI collection efficiency at 97.8%. Retail deposits grew 38.50% year-over-year to ₹12,781 crore, while bulk deposits decreased by 11.10% to ₹1,852 crore.
| Metric | Q1 FY27 | Q4 FY26 | Q1 FY26 |
|---|---|---|---|
| Gross Advances (₹ crore) | 14,374 | 13,261 | 10,846 |
| Total Deposits (₹ crore) | 14,634 | 13,994 | 11,312 |
| CASA (₹ crore) | 3,072 | 3,162 | 2,003 |
| GNPA (%) | 6.6 | 6.5 | 8.5 |
Key Highlights
- Gross Advances reached ₹14,374 crore, a 32.50% year-over-year increase.
- Total Deposits grew 29.40% year-over-year to ₹14,634 crore.
- CASA surged 53.40% year-over-year, constituting 21.0% of total deposits.
- GNPA ratio improved to 6.6% from 8.5% in Q1 FY26.
- CGFMU coverage for Inclusive Finance portfolio stood at approximately 98%.
The unaudited financial results for the quarter ended June 30, 2026, are subject to review by the Audit Committee and Board of Directors.
Can the bank sustain the current high growth rates in gross advances and deposits amidst potential economic slowdowns?
What strategies will be employed to further reduce the GNPA ratio below 6.6% in the coming quarters?
How will the decline in bulk deposits impact the bank's cost of funds and net interest margin going forward?
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