Suryoday Small Finance Bank’s gross advances stood at Rs 4,872.3 crore for the period ended December 31, 2021 (Q3FY22), registered a growth of 24.7% compared to the same period last year. Disbursement for the Q3FY22 stood at Rs 1121 crore up from Rs 1067 crore in Q2FY22 and Rs 785.3 crore in Q3FY21.
The deposits for the quarter ended December 31, 2021 stood at Rs 3,169.5 crore, the deposits degrew by 5.2% compared same period last year. Retail deposits increased YoY at 15.7% and Bulk reduced Year on Year (YoY) by 60.1%. The share of retail deposits, stood at 88.4% for the quarter ended December 31, 2021, compared to 87.9% in September 30, 2021. Overall collection efficiency in the month of December 2021 was 109%.
Suryoday Small Finance Bank commenced its microfinance operations in 2009 and has since expanded its operations across several states and union territories.
