Suryoday SFB’s Q2 CASA Grows By 57% Y/Y

As of September 2024, the Inclusive Finance portfolio is ~ 56% of the Gross Advances, out of which over 95% is covered under the CGFMU Scheme

FinTech BizNews Service 

Mumbai, 4 October, 2024: Suryoday Small Finance Bank has shared Q2 FY25 Pre Results Quarterly Update

Key Business Highlights: Deposits and Advances:

Management Commentary

• The Bank has witnessed growth in all performance parameters on Y-on-Y basis.
• As of September 2024, the Inclusive Finance portfolio is ~ 56% of the Gross Advances, out of which over 95% is covered under the CGFMU Scheme.
• The Bank is committed to build a strong retail deposit franchise. Deposits continue to grow faster than Advances as the Bank seeks to achieve a CD Ratio of 100% by March 2025.
• CASA has grown by ~ 57% on Y-on-Y basis with CASA % improving 214 bps over the same period.

Key Business Highlights: Deposits and Advances:

*Includes IBPC of ₹350 crores in Q2 FY25 (Rs550 crores in Q1 FY25 & Rs100 crores in Q2 FY24) **Calculated on Gross Advances including IBPC (All figures in RsCrore, unless otherwise indicated)

The numbers mentioned above as on quarter ended September 30, 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.