Suryoday Small Finance Bank Reports Mixed Q1 Results: Revenue Up, Profit Down Amid Rising NPAs 2 days ago
Suryoday Small Finance Bank's Q1 results show modest revenue growth to ₹4.95 billion, but net profit declined 49.64% to ₹353.00 million. Asset quality deteriorated with Gross NPAs rising to 8.46% and Net NPAs to 5.64%. The bank maintains a strong Capital Adequacy Ratio of 24.61%. The Credit Guarantee Fund for Micro Units Scheme positively impacted provisioning and capital adequacy calculations. Management remains focused on maintaining a strong capital position amid economic challenges.
Suryoday Small Finance Bank Reports Mixed Q1 Results Jul 04, 2025
Suryoday Small Finance Bank Reports Mixed Q1 Results: Strong Growth, Asset Quality Challenges Jul 03, 2025
Suryoday Small Finance Bank Narrows Q4 Losses, But Asset Quality Deteriorates May 09, 2025
Suryoday Small Finance Bank Reports Q4 FY23 Loss of ₹34 Crore, Asset Quality Deteriorates May 08, 2025
More news about Suryoday Small Finance Bank
03Apr 25
Suryoday Small Finance Bank: Disbursements Dip Amid Strong Deposit Growth
Suryoday Small Finance Bank's Q4 FY25 results show a 10% YoY decrease in disbursements to ₹2,101 crore, while total deposits grew 36% YoY to ₹10,580 crore. Retail deposits increased by 40% to ₹8,585 crore, and CASA deposits grew 41% to ₹2,212 crore. The bank's GNPA ratio rose to 7.10% from 2.80% the previous year. The Inclusive Finance portfolio showed improved collection efficiency at 98.5%. The bank sold a Stressed Loan Portfolio of ₹80.59 crores to an ARC during the quarter.
03Apr 25
Suryoday Small Finance Bank Projects Robust Growth in Advances and Deposits by 2025
Suryoday Small Finance Bank has announced ambitious growth projections for its key financial metrics. The bank anticipates a 19.00% year-over-year growth in gross advances by March 31, 2025. More notably, it forecasts a 36.00% year-over-year growth in total deposits by the end of March 2025. These projections, if achieved, could significantly strengthen the bank's position in the competitive banking sector.
18Mar 25
Suryoday Small Finance Bank Shares Surge 7% as CEO Boosts Stake
Suryoday Small Finance Bank's shares jumped nearly 7% after CEO Baskar Babu Ramachandran purchased 150,000 equity shares from the open market for approximately ₹50.00 lakh. This strategic move increased the promoter group's stake from 22.30% to 22.44%, and Ramachandran's individual holding from 5.04% to 5.18%. The purchase aligns with RBI-approved limits and complies with regulatory provisions. Despite recent mixed financial performance, including a 41.8% decline in Q3 net profit, the CEO's increased stake signals confidence in the bank's long-term prospects.
17Mar 25
Suryoday Small Finance Bank CEO Boosts Stake, Promoter Holding Rises Amid Q3 Challenges
Suryoday Small Finance Bank's CEO Baskar Babu Ramachandran has increased his stake in the company by purchasing 1.5 lakh shares from the open market. This move has raised the promoter group holding to 22.44% and Ramachandran's individual stake to 5.18%. The bank's Q3 FY25 results show a 41.80% decline in net profit, 9.20% growth in net interest income, and an increase in Gross NPAs to 5.53%. The bank has confirmed compliance with RBI regulations and SEBI disclosure requirements.