MoneyWorks4Me

Suryoday Small Finance Bank reports 42% rise in gross advances during Q1FY25

04 Jul 2024 Evaluate

Suryoday Small Finance Bank’s gross advances stood at Rs 9,037 crore (provisional) as of June 30, 2024 (Q1FY25), posting a 42% rise in year-on-year (YoY) terms against Rs 6,372 crore as of June 30, 2023.

Its disbursement grew 46% to Rs 1,740 crore (provisional) as of June 30, 2024, as compared to Rs 1,190 crore as of June 30, 2023. Total deposits stood at Rs 8,137 crore (provisional) as of June 30, 2024, posting a 42% rise in year-on-year terms against Rs 5,722 crore as of June 30, 2023. CASA Ratio stood at 17.7% as of June 30, 2024 versus 14.9% as of June 30, 2023.

Suryoday Small Finance Bank commenced its microfinance operations in 2009 and offers a variety of asset and liability products and services designed for inclusive finance and general banking customers.

Peers
Company Name CMP
HDFC Bank 733.30
ICICI Bank 1327.70
Axis Bank 1209.00
Kotak Mahindra Bank 401.65
Indusind Bank 909.80
View more..