Suryoday Small Finance Bank Limited
Incorporated in 2008, Suryoday Small Finance Bank Ltd is a leading Small Finance Bank(SFB) in India. The company started offering SFB services in 2017. They serve customers in the unbanked and underbanked segments. Before SBF, the company operated as an NBFC.
What Suryoday files
- Others65
- Investor Meet47
- Updates33
- Important17
- Board Meeting10
- PPTs9
Suryoday Small Finance Bank reported robust Q1 FY27 results. Gross Advances grew 32.5% YoY to Rs 14,376 Cr, and Deposits rose 29.4% YoY. Profit After Tax soared 113.1% to Rs 75.2 Cr. Asset quality improved significantly, with GNPA at 6.5% and NNPA at 1.2%.
Suryoday Small Finance Bank's FY26 BRSR shows digital product growth significantly increased customer complaints. Operational expansion with new offices raised energy consumption and GHG emissions. However, the Bank achieved substantial water usage reduction. It also incurred a 0.02 Cr RBI penalty for SGL bouncing.
Suryoday SFB's board proposed a final dividend of Rs. 1.50/share (15%) for FY25-26, pending AGM approval. Record Date for eligibility is July 17. Shareholders should update tax details for accurate TDS on dividend payments.
Suryoday Small Finance Bank reported robust Q1 FY27 provisional numbers. Gross Advances grew 33% YoY to ₹14,374 Cr, Deposits rose 29% YoY to ₹14,634 Cr, and CASA jumped 53% YoY. GNPA stands at 6.6%, with ~98% of Inclusive Finance covered by CGFMU, mitigating asset quality concerns.
Suryoday SFB received Rs. 387.45 Cr in full from the National Credit Guarantee Trustee Company (NCGTC) under the CGFMU Scheme. This significant claim payment is a positive operational development, enhancing the bank's liquidity.