Suryoday Small Finance Bank has posted 48% growth in total deposits at Rs 4,684 crore (provisional) for the third quarter ended December 31, 2022 (Q3FY23) as compared to Rs 3,170 crore in Q3FY22. On a quarterly basis, the deposits were up 11% from Rs 4,207 crore as of September 2022.
Gross advances stood at Rs 5,409 crore (provisional) as of December 31, 2022, posting a 11% rise in year-on-year (YoY) against Rs 4,872 crore as of December 31, 2021 and marginal rise on quarter-on-quarter (QoQ) basis from Rs 5,378 crore in in September 2022. The Bank’s CASA stood at 13.9% in Q3FY23 as against 19.2% in Q3FY22. Besides, its Gross Non-Performing Assets (GNPA) improved 4.26% in Q3FY23 from 10.5% in Q3FY22.
Suryoday Small Finance Bank commenced its microfinance operations in 2009 and has since expanded its operations across several states and union territories.
