You are here: Home » Companies » Financial X-Ray
Piramal, K Raheja Corp to pick up Covid vaccination cost for employees
Business Standard

Suryoday SFB IPO: Lender diversifies but asset quality worrying still

It was a purely microfinance bank in 2018, but dependence on such loans fell to 71 per cent in Q3

Topics
Suryoday Small Finance Bank | IPOs | MFIs

Hamsini Karthik  |  Mumbai 



IPO
Suryoday’s proforma provision coverage ratio at 60 per cent fares better than Ujjivan SFB and Equitas SFB, which are at 56 per cent and 59 per cent, but that could change later.

Suryoday Small Finance Bank’s initial public offering (IPO) opens March 17, launching at a time when the microfinance (MFI) sector is battling bad assets.

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Mon, March 15 2021. 16:50 IST

RECOMMENDED FOR YOU

.