Suryoday SFB’s Disbursements Grew 36% Y/Y

Suryoday Small Finance Bank has provided Q4 FY 24 Pre Results Quarterly Update.

FinTech BizNews Service   

Mumbai, April 4, 2024: Suryoday Small Finance Bank has provided Q4 FY 24 Pre Results Quarterly Update. The numbers mentioned as on quarter ended March 31, 2024, are provisional unaudited numbers and are subject to review / approval by the Audit Committee and Board of Directors. It is also subject to limited review by the Statutory Auditors of the Bank. 

Key Business Highlights: Deposits and Advances:

Management Commentary

• The Bank has witnessed robust growth in all performance parameters, both sequentially as well as on Y-on-Y basis.
• The disbursements in FY’24 stood at over ₹ 6,900 crores as compared to ₹ 5,083 crores in FY23 (Y-on-Y growth of 36%), on the back of a continued momentum in Vikas Loan as well as Retail Assets disbursements.
• The Bank is committed to building a strong retail liability book. The CASA Ratio has improved by 1.6% [from 18.5% to 20.1%] and the retail deposits grew by approx. ₹800 crores on a Q-on-Q basis.

   All figures in ₹ Crore, unless otherwise indicated

   *Includes IBPC of ₹400 crores