Suryoday SFB reports Rs 13-cr Q2 net against Rs 1.92-cr loss a year ago

Suryoday Small Finance Bank reported a net profit of Rs 13 crore in July-September as against a net loss of Rs 1.92 crore the same time a year ago.

On a sequential basis, the bank’s net profit rose 67.7 per cent from Rs 7.75 crore in April-June.

In the second quarter of the current financial year, the bank’s net interest income was at Rs 175.9 crore, up 19.5 per cent year-on-year. Net interest income is the difference between interest earned and interest expended.

As on September 30, the bank’s gross non-performing asset ratio was at 9.90 per cent, down from