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Latest news about Suryoday Small Finance Bank

Suryoday Small Finance Bank Announces Postal Ballot for ₹1,000 Crore Fund Raising and Director Re-appointment 3 days ago

Suryoday Small Finance Bank has issued a postal ballot notice seeking shareholder approval for raising up to ₹1,000 crore through various modes including QIP and preferential allotment to strengthen its Tier I capital base. The bank also proposes re-appointing Krishna Prasad Nair as Independent Director for a second three-year term. E-voting runs from January 30 to February 28, 2026, with cut-off date January 23, 2026.

Suryoday Small Finance Bank Reports 24.3% YoY Growth in Advances for Q3 FY26 3 days ago

Suryoday Small Finance Bank Reports Q3 FY26 Net Profit of ₹36.56 Crores, Approves ₹1,000 Crore Fundraising Plan 10 days ago

Suryoday Small Finance Bank Enters Gold Loan Segment with Maharashtra Launch Jan 21, 2026

Suryoday Small Finance Bank Reports Strong Q3FY26 Performance with 23% YoY Growth in Advances Jan 03, 2026

More news about Suryoday Small Finance Bank

24Nov 25

RBI Approves 1729 Capital's Enhanced Stake of Up to 9.99% in Suryoday Bank

The Reserve Bank of India has granted prior approval to 1729 Capital for acquiring up to 9.99% stake in Suryoday Small Finance Bank, significantly expanding from the earlier 7.14% post-facto approval received in November 2025. The enhanced approval comes with stringent compliance requirements under various regulatory frameworks including Banking Regulation Act 1949, RBI directions, FEMA provisions, and SEBI regulations.

14Nov 25

Suryoday Small Finance Bank MD-CEO Plans to Purchase 50,000 Shares

Baskar Babu Ramachandran, Managing Director, CEO, and Promoter of Suryoday Small Finance Bank, has received approval for a trading plan to purchase 50,000 equity shares. The plan, approved under SEBI insider trading regulations, allows for the acquisition between March 16-20, 2026, following a 120-day cool-off period. Additionally, RBI has granted post facto approval to 1729 Capital and associates for a 7.14% holding in the bank.

13Nov 25

Suryoday Small Finance Bank Reports Mixed Q2 Results with 18.9% Loan Growth Amid Asset Quality Challenges

Suryoday Small Finance Bank (SSFB) reported an 18.9% year-on-year increase in gross advances to ₹11,124 crore. Vikas loan disbursements grew 111% YoY. However, the bank faced challenges with total income declining 2.7% and profit after tax dropping 33%. GNPA ratio increased to 5.9% from 2.9% last year. Deposits grew 35.5% to ₹11,991 crore, with retail deposits improving to 86%. CASA ratio improved to 20.7%. The bank's digital initiatives showed progress with digitally sourced deposits crossing ₹1,300 crore.

10Nov 25

Suryoday Small Finance Bank's Chief Information Security Officer Steps Down

Suryoday Small Finance Bank announced the resignation of its Chief Information Security Officer (CISO), Anshuman Pund. Pund's resignation is effective from August 11, 2025, with his last working day on November 10, 2025. The bank disclosed this information in a regulatory filing, citing Pund's reason for departure as pursuing opportunities outside the bank. The initial notification was made on October 16, 2025, with additional details provided on November 10, 2025. This disclosure complies with SEBI's Listing Obligations and Disclosure Requirements Regulations.

06Nov 25

Suryoday Small Finance Bank Strengthens MSME Focus and Digital Growth

Suryoday Small Finance Bank reported mixed financial results with a strategic shift towards MSME lending and digital growth. Gross advances increased by 18.9% to ₹11,124.00 crore, while deposits grew 35.5% to ₹11,991.00 crore. Net profit decreased to ₹30.40 crore from ₹45.40 crore. The bank's non-Inclusive Finance book now constitutes 55% of total advances, with the Vikas Loan segment comprising 70% of this portfolio. Digital deposits reached ₹1,300.00 crore, over 10% of the overall deposit book. GNPA ratio increased to 5.9%, but 98% of the eligible IF portfolio is covered under the CGFMU scheme. The bank maintains a strong capital position with a CRAR of 23.4%.

06Nov 25

Suryoday Small Finance Bank Reports Q2 Profit Dip, Approves Rs 1,000 Crore Fundraising Plan

Suryoday Small Finance Bank's Q2 FY2025-26 results show a 33% decline in net profit to Rs 30.41 crore. Gross NPA ratio increased to 5.93% from 3.03% year-on-year. The bank maintains a strong Capital Adequacy Ratio of 23.41% and has approved a fundraising plan of up to Rs 1,000 crore. The CGFMU scheme allowed for a Rs 37.49 crore reduction in provisions. Half-yearly net profit decreased by 43.1% to Rs 65.69 crore.

23Oct 25

Suryoday Small Finance Bank Bolsters Leadership with New Chief People Officer

Suryoday Small Finance Bank Limited has appointed Mr. Pankaj Gulati as Chief People Officer & Head - CSR, effective October 23, 2025. Gulati brings over two decades of experience in Banking, Finance, and Insurance sectors, with expertise in employee lifecycle management, performance systems, and HR technology. He has previously worked with AU Small Finance Bank, Fincare Small Finance Bank, MetLife India Insurance, and HSBC among others. This appointment aims to strengthen the bank's human resources and corporate social responsibility initiatives.

23Oct 25

Suryoday Small Finance Bank to Consider Q2 Results and Fund-Raising Plans on November 6

Suryoday Small Finance Bank (SSFB) has announced a board meeting for November 6, 2025, to review Q2 financial results and discuss fund-raising options. The meeting will consider equity fund-raising through preferential allotment, QIP, or private placement, as well as the issuance of debt instruments. A trading window closure is in effect from October 1, 2025, until 48 hours after the Q2 results declaration to prevent insider trading. The bank emphasizes compliance with SEBI regulations throughout this process.

21Oct 25

Suryoday Small Finance Bank Secures RBI Nod for Executive Director's Revised Remuneration

Suryoday Small Finance Bank has received RBI approval for its Executive Director's revised remuneration package. The approval, dated October 20, 2025, covers fixed remuneration for 2025-26 and variable pay for 2024-25. This package aligns with shareholder-approved limits from the 17th Annual General Meeting on September 11, 2025. The approval complies with Regulation 35B of the Banking Regulation Act, 1949, and has been disclosed to stock exchanges and on the bank's website.

16Oct 25

RBI Approves Baskar Babu Ramachandran's Re-appointment as Suryoday Small Finance Bank MD & CEO

The Reserve Bank of India has approved the re-appointment of Baskar Babu Ramachandran as Managing Director & CEO of Suryoday Small Finance Bank Limited for an additional three-year term from January 23, 2026, to January 22, 2029. Ramachandran, 56, co-founded the bank's predecessor company in 2008 and has been serving as MD & CEO since January 2017. The re-appointment received shareholder approval and complies with regulatory requirements.

03Oct 25

Suryoday Small Finance Bank Reports Robust Growth in Q2FY26, Receives ₹314 Crore CGFMU Claim

Suryoday Small Finance Bank showed robust growth in Q2FY26. Gross advances increased by 23% YoY to ₹11,544.00 crore, while total deposits grew 35% to ₹11,991.00 crore. CASA deposits surged 57% to ₹2,477.00 crore, improving the CASA ratio to 20.7%. The bank received ₹314.00 crore from CGFMU, covering 100% of its claim. Despite GNPA rising to 9.3%, the CGFMU claim is expected to improve asset quality metrics significantly. Collection efficiency remained strong at 98.9% overall.

30Sept 25

Suryoday Small Finance Bank Recovers Full Claim of ₹313.89 Crore from NCGTC

Suryoday Small Finance Bank has recovered its entire claim of ₹313.89 crore from the National Credit Guarantee Trustee Company under the Credit Guarantee Fund for Micro Units Scheme. The bank also announced management changes, with Mr. Pandurang Dixit stepping down as Chief of Internal Vigilance and Mr. Gaurav Popat, the Chief Audit Officer, taking on the additional role of Interim CIV.

17Sept 25

Suryoday Small Finance Bank and Paytm Launch 'Postpaid' Credit Line on UPI

Suryoday Small Finance Bank and Paytm have partnered to introduce 'Postpaid', a credit line on UPI offering up to 30 days of interest-free credit. The service allows instant payments across UPI QR codes and online platforms for various purposes. Customers can access it through the Paytm app after completing a KYC process and linking their account with UPI. The collaboration aims to expand digital credit services, combining Paytm's technology with Suryoday Small Finance Bank's banking expertise.

02Sept 25

Suryoday Small Finance Bank Unveils FD-Backed Credit Cards with Cashback Benefits

Suryoday Small Finance Bank introduces secured credit cards backed by fixed deposits (FDs). Two variants, RuPay Select and RuPay Platinum, offer 0.5% cashback on transactions, no annual fees, and minimum FD requirements of ₹1,11,500 and ₹1,000 respectively. The cards feature instant virtual issuance, UPI integration, and RuPay lifestyle offers. The bank offers competitive FD interest rates up to 8.40%, targeting first-time users, homemakers, and retirees.

30Jul 25

Suryoday Small Finance Bank Reports Strong Growth in Q1, Aims for Stability in Asset Quality

Suryoday Small Finance Bank reported 20% YoY growth in gross advances to ₹10,846 crore and 39% YoY growth in deposits to ₹11,312 crore in Q1. Retail deposits increased to 82% of total deposits. GNPA stood at 8.50% and NNPA at 5.60%. The bank is focusing on individual lending, secured retail assets, and digital initiatives. Collection efficiency in inclusive finance improved to 98.40%. The bank expects credit costs of 1.20% for the year and anticipates reduced slippages in the next quarter.

24Jul 25

Suryoday Small Finance Bank Reports Mixed Q1 Results: Revenue Up, Profit Down Amid Rising NPAs

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.

04Jul 25

Suryoday Small Finance Bank Reports Mixed Q1 Results

Suryoday Small Finance Bank's Q1 results show robust growth with gross advances up 20% YoY to ₹10,846.00 crore and total deposits rising 39% to ₹11,312.00 crore. Loan disbursements increased by 30% to ₹2,261.00 crore, and CASA deposits grew 39% to ₹2,003.00 crore. However, the bank faced asset quality issues with Gross NPAs rising to 8.50% from 2.70% YoY. The bank received ₹56.00 crore under the CGFMU scheme for claim settlements.

03Jul 25

Suryoday Small Finance Bank Reports Mixed Q1 Results: Strong Growth, Asset Quality Challenges

Suryoday Small Finance Bank showed significant growth in Q1, with total deposits up 39% to ₹11,312.00 crore and gross advances increasing 20% to ₹10,846.00 crore. Loan disbursements rose 30% to ₹2,261.00 crore, and CASA deposits grew 39% to ₹2,003.00 crore. However, the bank faced asset quality issues with Gross Non-Performing Assets ratio rising to 8.50% from 2.70% year-over-year. The bank received ₹56.00 crore under the CGFMU scheme for claim settlements.

09May 25

Suryoday Small Finance Bank Narrows Q4 Losses, But Asset Quality Deteriorates

Suryoday Small Finance Bank's Q4 FY2024 results show a 44.41% reduction in net loss to ₹338 million, with revenue growing 5.62% to ₹4.70 billion. However, asset quality deteriorated with GNPA rising to 7.16% and NNPA to 4.58%. Annual performance for FY2024 improved significantly, with revenue up 41.14% and net profit surging 177.99%. The bank's operating profit margin increased to 46.96%, indicating enhanced operational efficiency.

08May 25

Suryoday Small Finance Bank Reports Q4 FY23 Loss of ₹34 Crore, Asset Quality Deteriorates

Suryoday Small Finance Bank reported a net loss of ₹34.00 crore in Q4 FY23, compared to a profit of ₹61.00 crore in the same quarter last year. The bank's Gross Non-Performing Assets ratio increased to 7.16% from 2.94% year-over-year. Pre-provision operating profit declined by 63% to ₹47.00 crore, while provisions rose to ₹93.00 crore. Despite these challenges, the bank's annual performance for FY23 showed improvements in revenue, net profit, and operating profit compared to FY22.

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.