Suryoday Small Finance Bank has posted 21% growth in total deposits at Rs 4,020 crore for the first quarter ended June 30, 2022 (Q1FY23) as compared to Rs 3,317 crore in Q1FY22. On a quarterly basis, the deposits were up 4% from Rs 3,850 crore as of March 2022.
Gross Advances stood at Rs 5,136 crore as of June 30, 2022, posting a 28% rise in year-on-year (YoY) against Rs 4,004 crore as of June 30, 2021 and 1% growth in quarter-on-quarter (QoQ) basis from Rs 5,064 crore in in March 2022. Disbursements stood at Rs 1012 crore as of June 30, 2022, over 2- fold jump in year-on-year (YoY) against Rs 360 crore as of June 30, 2021.
Suryoday Small Finance Bank commenced its microfinance operations in 2009 and has since expanded its operations across several states and union territories.
