Suryoday Small Finance Bank Limited has announced the resignation of its Chief Information Security Officer (CISO), Anshuman Pund. The bank disclosed this development in a recent regulatory filing, providing details about the change in senior management.

Key Details of the Resignation

Timeline of Events

The bank had initially informed the stock exchanges about Pund's resignation on October 16, 2025. In a follow-up communication dated November 10, 2025, Suryoday Small Finance Bank provided additional details, including the acknowledgment of Pund's resignation letter.

Regulatory Compliance

The bank's disclosure adheres to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates prompt disclosure of material events to the stock exchanges.

Impact and Next Steps

The departure of a senior executive like the CISO can potentially impact a bank's information security strategy. However, Suryoday Small Finance Bank has not provided any information about a successor or interim arrangements for the CISO role.

As financial institutions continue to face evolving cybersecurity challenges, the role of CISO remains crucial. The bank's next steps in filling this position will be important for maintaining robust information security practices and ensuring the protection of customer data.

Stakeholders and customers may want to stay informed about any further announcements regarding the appointment of a new CISO or any changes to the bank's information security policies and practices in light of this transition.

Suryoday Small Finance Bank (SSFB) has reported a strategic shift towards MSME lending and digital growth in its financial results, showcasing resilience amid challenging market conditions.

Key Financial Highlights

• Gross Advances: ₹11,124.00 crore, up 18.9% year-on-year
• Deposits: ₹11,991.00 crore, a robust 35.5% increase from the previous year
• Net Profit: ₹30.40 crore, down from ₹45.40 crore in the previous year
• CASA Ratio: Improved to 20.7% from 17.9% in the previous year

Strategic Focus on MSME and Secured Lending

SSFB has made significant strides in diversifying its portfolio, with non-Inclusive Finance (IF) book now constituting about 55% of total advances. The bank's Vikas Loan segment, targeting micro-enterprises, now comprises 70% of the IF book, indicating a strong push towards MSME lending.

Digital Initiatives Gaining Momentum

The bank's digital deposits have shown remarkable growth, reaching approximately ₹1,300.00 crore, which is over 10% of the overall deposit book. This digital thrust is complemented by new product offerings such as secured credit cards and credit on UPI, positioning SSFB for scalable growth in the digital banking space.

Asset Quality and Risk Management

While the Gross Non-Performing Assets (GNPA) ratio increased to 5.9% from 2.9% in the previous year, the bank maintains a robust risk mitigation framework:

• About 98% of the eligible IF portfolio is covered under the Credit Guarantee Fund for Micro Units (CGFMU) scheme
• Of the ₹655.00 crore GNPA, ₹378.00 crore is expected to be receivable under the CGFMU scheme

Outlook and Strategy

Baskar Babu Ramachandran, MD & CEO of Suryoday Small Finance Bank, commented on the results: "The Bank will focus on deepening MSME engagement, expanding secured lending, strengthening the Vikas Loan franchise and scaling newly launched digital products like secured credit cards and Credit on UPI, while driving CASA and FD growth through digital initiatives."

The bank's strategy aligns with the broader trend in the banking sector of leveraging technology to enhance customer reach and operational efficiency, particularly in the MSME segment.

Capital Adequacy and Liquidity

SSFB maintains a healthy capital position with a Capital Adequacy Ratio (CRAR) of 23.4%, well above regulatory requirements, providing a strong foundation for future growth.

Conclusion

Suryoday Small Finance Bank's results reflect its strategic pivot towards MSME lending and digital banking. While facing some headwinds in profitability, the bank's focus on secured lending, digital growth, and risk management through schemes like CGFMU positions it well for sustainable growth in the evolving banking landscape.

As the bank continues to navigate the challenges in the microfinance environment, its diversification strategy and digital initiatives are likely to be key drivers of its performance in the coming quarters.