Suryoday Small Finance Bank Limited - Q4FY24 Business Update

Suryoday Small Finance Bank Limited has announced the business updates for the period ended March 31, 2024 (Q4 FY2024).



Management Commentary

The Bank has witnessed robust growth in all performance parameters, both sequentially as well as on Y-on-Y basis.

The disbursements in FY'24 stood at over ₹ 6,900 crores as compared to ₹ 5,083 crores in FY23 (Y-on-Y growth of 36%), on the back of a continued momentum in Vikas Loan as well as Retail Assets disbursements.

The Bank is committed to building a strong retail liability book. The CASA Ratio has improved by 1.6% [from 18.5% to 20.1%] and the retail deposits grew by approx. ₹800 crores on a Q-on-Q basis.

Please note that the numbers mentioned above as on quarter ended March 31, 2024, are provisional unaudited numbers and are subject to review / approval by the Audit Committee and Board of Directors. It is also subject to limited review by the Statutory Auditors of the Bank.

Shares of Suryoday Small Finance Bank Limited was last trading in BSE at Rs. 187.15 as compared to the previous close of Rs. 184.60. The total number of shares traded during the day was 104207 in over 1465 trades.

The stock hit an intraday high of Rs. 188.80 and intraday low of 182.80. The net turnover during the day was Rs. 19372853.00.

Source : Equity Bulls

Keywords

SuryodaySmallFinanceBank INE428Q01011 Q4FY2024 BusinessUpdates