Suryoday Small Finance Bank

The buying on the counter came after the RBI approved 1729 Capital and its associates to acquire up to 9.99 per cent stake

Chief executives of Small Finance Banks welcome move to allow them to transition to universal banks, but ask for glide path to lower capital adequacy norms vis-a-vis large banks

Suryoday Small Finance Bank stock price rose up to 2.69 per cent to hit an intraday high of ₹152.4 per share on the BSE on Tuesday

There's nothing I can immediately think of. Our current roadmap is built around one core idea: how do we build a real, meaningful customer relationship on both sides of the balance sheet, he said

Suryoday Small Finance Bank shares slipped 6.7 per cent in trade on Friday, logging an intra-day low at ₹129.15 per share after posting Q1 results

Technical charts suggest that Suryoday Small Finance Bank and Motisons Jewellers share prices can potentially surge up to 48% from present levels; here's why

Suryoday Small Finance Bank share price rose 5 per cent after the company released its Q1FY26 business update

Suryoday Small Finance Bank share slipped 7.44 per cent at Rs125 a piece on the BSE in Friday's intraday trade

The fall in the share price of Suryoday SFB was triggered by weak asset quality in the September quarter (Q2FY25).

Suryoday Small Finance Bank on Thursday reported a 47 per cent rise in net profit at Rs 70 crore in the first quarter ended June 2024 due to decline in bad loans. The bank had posted a net profit of Rs 48 crore in April-June period of previous year. Total income in the first quarter of the current fiscal rose to Rs 558 crore as against Rs 409 crore a year ago, Suryoday Small Finance Bank said in a regulatory filing. The lender's interest income also increased to Rs 488 crore from Rs 358 crore in the same quarter a year ago. The bank's net interest income (NII) grew by 30.5 per cent to Rs 293 crore in the first quarter of current financial year, it said. Gross Non Performing Assets (NPAs) declined to 2.77 per cent of the gross advances by June 2024 from 3 per cent in the same quarter a year ago. The net NPA too declined to 0.4 per cent as against 1.6 per cent in the same period of the previous year. The capital adequacy ratio of the bank declined to 27.27 per cent at the end of J

Suryoday SFB stock: In a post market-hours exchange filing on Wednesday, Suryoday SFB said its June quarter loans and advances increased a staggering 42 per cent year-on-year (Y-o-Y) to Rs 9,037 crore

Ramachandran says it is at least two years before the lender considers becoming a universal bank

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Analysts believe that small finance banks have a much bigger role to play in the overall banking sector

The lender's gross advances stood at Rs 8,650 crore up 14 per cent quarter-on-quarter (q-o-q) and 41 per cent compared to the same period last year

Suryoday Small Finance Bank on Thursday reported an over three-fold jump in net profit to Rs 57 crore in the third quarter ended December 2023, aided by higher core income and reduction in bad loans. The bank had earned a net profit of Rs 18 crore in the same quarter a year ago. Its total income increased to Rs 463 crore in the quarter against Rs 317 crore in the year-ago period, Suryoday Small Finance Bank said in a regulatory filing. The interest income improved to Rs 411 crore from Rs 292 crore in the same quarter of the previous financial year. Net interest income (NII) increased 34 per cent to Rs 246 crore from Rs 183 crore in the same quarter a year ago. The Gross Non-performing Assets (NPAs) of the bank declined to 2.9 per cent as compared to 4.2 per cent at the end of December 2022. Similarly, net NPA also came down to 1.4 per cent from 2.7 per cent recorded in the third quarter of previous fiscal. As a result, provisions and contingencies declined to Rs 38 crore as comp

Analysts expect the sector to see strong loan growth in FY24 and FY25 driven by increase in ticket sizes, strong customer acquisitions, and regulatory tailwinds

Suryoday Small Finance Bank on Monday posted a net profit of Rs 39 crore for the March quarter of 2022-23 as bad loans fell. The bank had posted a net loss of Rs 48 crore for the same quarter a year ago. Total income during Q4 FY23 rose to Rs 363 crore from Rs 257 crore in the same quarter of the previous year, Suryoday Small Finance Bank said in a regulatory filing. Interest income also increased to Rs 329 crore from Rs 237 crore in the same period a year ago. The lender's asset quality improved, with gross non-performing assets (NPAs) significantly falling to 3.13 per cent of gross advances as of March 31, 2023, from 11.8 per cent a year ago. Likewise, net NPAs or bad loans declined to 1.55 per cent from 5.97 per cent in the same quarter a year ago. Thus, the bank made Rs 51 crore provisions for bad loans and contingencies as against Rs 112 crore put aside for the year-ago quarter. For the full 2022-23, the bank earned a net profit Rs 78 crore against loss of Rs 93 crore in th

For the whole of FY23, the net profit stood at Rs 77.1 crore against loss of Rs 93 crore a year ago

Overnight and one-month MCLR rates are now at 8.50%, while the MCLR for three months is at 8.55%, ICICI Bank's website showed