Suryoday Small Finance Bank has reported 37% growth in total deposit at Rs 4,278 crore for the Q2 FY23 as compared to Rs 3,129 crore in Q2 FY22. On a quarterly basis, the deposits were up by 6% at Rs 4,020 crore in Q1 FY23.
The company has reported 21% growth in gross advances at Rs 5,409 crore for the Q2 FY23 as compared to Rs 4,471 crore in Q2 FY22 and 5% growth on quarter-on-quarter (QoQ) basis at Rs 5,133 crore in Q1 FY23. The company has reported 5% growth in Disbursement at Rs 1,118 crore for the Q2 FY23 as compared to Rs 1,067 crore in Q2 FY22.
Suryoday Small Finance Bank commenced its microfinance operations in 2009 and has since expanded its operations across several states and union territories.
