Suryoday Small Finance Bank eyes Rs 1,000-crore quarterly disbursements

With gradual economic recovery, private lender Suryoday Small Finance Bank expects a lending run rate of over Rs 1,000 crore in each quarter and targeting upto 20 per cent recovery from written-off accounts to improve asset quality profile.

 

It has already seen an increase in disbursement to level of Rs 360 crore in July, on par with disbursement in April-June 2021.

 

The quarterly disbursement had fallen sharply in Q1FY22 from Rs 1,058 crore in Q4FY21 due to slump in economic activity during second wave of Covid-19 pandemic.