Suryoday SFB’s Disbursements In Q1 FY25 Grows By 46%


The SFB has witnessed growth in all performance parameters on YoY basis


FinTech BizNews Service

Mumbai, July 04, 2024: Suryoday Small Finance Bank has provided Q1 FY25 Pre-Results Quarterly Update. 

Key Business Highlights: Deposits and Advances:

Management Commentary

  • The Bank has witnessed growth in all performance parameters on YoY basis.
  • The disbursements in Q1 FY25 stood at around Rs. 1,740 Crores as compared to Rs. 1,190 Crores in Q1FY24(YoY growth of 46%), on the back of the continued momentum in Vikas Loan as well as Retail Assets disbursements.
  • Deposit Growth was mainly led by TD, but acquisition of granular CASA was limited, resulting in decrease in CASA Ratio.

   (All figures in Rs Crore, unless otherwise indicated)

Particulars

Q1 FY25

Q4 FY24

QoQ

Q1 FY24

YoY

Gross Advances

9,037*

8,650*

 

4%

6,372

42%

Disbursement

1,740

2,340

 

-26%

1,190

46%

Total Deposit

8,137

  7,777

5%

5,722

42%

- Retail

6,418

6,1270

5%

4,330

48%

- Bulk

1,719

     1,650

4%

1,392

24%

CASA

1,439

1,566

-8%

 854

69%

CASA%

17.7%

20.1%

 

14.9%

 

Collection

Efficiency**

101.0%

      100.6%

 

 100.4%

 

GNPA

2.67%

2.80%

 

 3.0%

 

 

* Includes IBPC of Rs550 crores for Q1 FY25 (Rs400 crores for Q4 FY24) **Calculated on Gross Advances including IBPC 

The numbers mentioned above as on Quarter ended June 30, 2024, are provisional unaudited numbers and are subject to review / approval by the Audit Committee and Board of Directors. 

 

Cookie Consent

Our website uses cookies to provide your browsing experience and relavent informations.Before continuing to use our website, you agree & accept of our Cookie Policy & Privacy