Suryoday Small Finance Bank’s total deposits grew 34% to Rs 5,165 crore (provisional) as of March 31, 2023 (Q4FY23), as compared to Rs 3,850 crore as of March 31, 2022 (on a yearly basis). On a quarterly basis, the total deposits stood at Rs 4,697 crore as of December 2022. Its gross advances increased 21% to Rs 6,115 crore (provisional) as of March 31, 2023, as compared to Rs 5,063 crore as of March 31, 2022.
The bank’s disbursement stood at Rs 1,688 crore (provisional) as of March 31, 2023, posting a 72% rise in year-on-year (YoY) terms as against Rs 980 crore as of March 31, 2022 and on quarter-on-quarter (QoQ) basis, disbursement stood at Rs 1,265 crore as of December 2022.
Suryoday Small Finance Bank commenced its microfinance operations in 2009 and has since expanded its operations across several states and union territories.
