Suryoday Small Fin.
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Suryoday Small Finance Bank received the full claim amount of Rs 387.45 crore from National Credit Guarantee Trustee Company (NCGTC) on July 1, 2026, under the Credit Guarantee Fund for Micro Units (CGFMU) scheme. The bank had raised interim claims for the same amount. The CGFMU scheme provides credit guarantees for loans extended to micro units, and the claim represents recovery against defaulted micro-loan portfolios. Suryoday Small Finance Bank stated that the receipt was in the ordinary course of business.
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Suryoday Small Finance Bank received the full claim amount of Rs 387.45 crore from National Credit Guarantee Trustee Company (NCGTC) on July 1, 2026, under the Credit Guarantee Fund for Micro Units (CGFMU) scheme. The bank had raised interim claims for the same amount. The CGFMU scheme provides credit guarantees for loans extended to micro units, and the claim represents recovery against defaulted micro-loan portfolios. Suryoday Small Finance Bank stated that the receipt was in the ordinary course of business.
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Suryoday Small Finance Bank's board on June 25 cleared proposals to raise up to ₹300 crore in Tier-1 capital through equity and equity-linked instruments, and up to ₹200 crore through debt securities. The enabling resolutions will be placed before shareholders at the annual general meeting on August 6. The equity raise could take the form of a rights issue, preferential allotment, private placement, or qualified institutions placement, depending on market conditions and regulatory approvals. The board also fixed July 17 as the record date for the final dividend already recommended earlier, and approved the re-appointment of investor director Ranjit Jayant Shah until November 1, 2026. Separately, modifications to the employee stock option scheme were approved.
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Suryoday Small Finance Bank's board on June 25 cleared proposals to raise up to ₹300 crore in Tier-1 capital through equity and equity-linked instruments, and up to ₹200 crore through debt securities. The enabling resolutions will be placed before shareholders at the annual general meeting on August 6. The equity raise could take the form of a rights issue, preferential allotment, private placement, or qualified institutions placement, depending on market conditions and regulatory approvals. The board also fixed July 17 as the record date for the final dividend already recommended earlier, and approved the re-appointment of investor director Ranjit Jayant Shah until November 1, 2026. Separately, modifications to the employee stock option scheme were approved.
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June 1 (Reuters) - Suryoday Small Finance Bank Ltd SURO.BO:
SURYODAY SMALL FINANCE BANK - BOARD TO CONSIDER FUND RAISING VIA EQUITY AND RELATED SECURITIES
SURYODAY SMALL FINANCE BANK - BOARD TO CONSIDER ISSUE OF BONDS, NCDS, OTHER DEBT SECURITIES
Source text: ID:nBSE4tSwhs
Further company coverage: SURO.BO
(([email protected];))
June 1 (Reuters) - Suryoday Small Finance Bank Ltd SURO.BO:
SURYODAY SMALL FINANCE BANK - BOARD TO CONSIDER FUND RAISING VIA EQUITY AND RELATED SECURITIES
SURYODAY SMALL FINANCE BANK - BOARD TO CONSIDER ISSUE OF BONDS, NCDS, OTHER DEBT SECURITIES
Source text: ID:nBSE4tSwhs
Further company coverage: SURO.BO
(([email protected];))
May 12 (Reuters) - Suryoday Small Finance Bank Ltd SURO.BO:
RBI APPROVAL FOR RE-APPOINTMENT OF KRISHNA PRASAD NAIR AS PART-TIME CHAIRMAN
Further company coverage: SURO.BO
(([email protected];;))
May 12 (Reuters) - Suryoday Small Finance Bank Ltd SURO.BO:
RBI APPROVAL FOR RE-APPOINTMENT OF KRISHNA PRASAD NAIR AS PART-TIME CHAIRMAN
Further company coverage: SURO.BO
(([email protected];;))
May 7 (Reuters) - Suryoday Small Finance Bank Ltd SURO.BO:
SURYODAY SMALL FINANCE BANK MARCH-QUARTER NET PROFIT 497.2 MILLION RUPEES
SURYODAY SMALL FINANCE BANK MARCH-QUARTER GROSS NPA 6.55%
SURYODAY SMALL FINANCE BANK MARCH-QUARTER INTEREST EARNED 6.02 BILLION RUPEES
SURYODAY SMALL FINANCE BANK MARCH-QUARTER PROVISIONS AND CONTINGENCIES 413.2 MILLION RUPEES
Further company coverage: SURO.BO
(([email protected];))
May 7 (Reuters) - Suryoday Small Finance Bank Ltd SURO.BO:
SURYODAY SMALL FINANCE BANK MARCH-QUARTER NET PROFIT 497.2 MILLION RUPEES
SURYODAY SMALL FINANCE BANK MARCH-QUARTER GROSS NPA 6.55%
SURYODAY SMALL FINANCE BANK MARCH-QUARTER INTEREST EARNED 6.02 BILLION RUPEES
SURYODAY SMALL FINANCE BANK MARCH-QUARTER PROVISIONS AND CONTINGENCIES 413.2 MILLION RUPEES
Further company coverage: SURO.BO
(([email protected];))
** Shares of Suryoday Small Finance Bank SURO.NS rise as much as 5.1% to 132.30 rupees; last up 2.5%
** Bank's Q4 gross advances rise 29% Y/Y, total deposits up 32% Y/Y
** Q4 disbursement up 46% Y/Y at 30.77 billion rupees ($331.2 million)
** SURO down ~8.5% YTD
($1 = 92.9050 Indian rupees)
(Reporting by Brijesh Patel in Bengaluru)
(([email protected]; Ph no. +91 9590227221;))
** Shares of Suryoday Small Finance Bank SURO.NS rise as much as 5.1% to 132.30 rupees; last up 2.5%
** Bank's Q4 gross advances rise 29% Y/Y, total deposits up 32% Y/Y
** Q4 disbursement up 46% Y/Y at 30.77 billion rupees ($331.2 million)
** SURO down ~8.5% YTD
($1 = 92.9050 Indian rupees)
(Reporting by Brijesh Patel in Bengaluru)
(([email protected]; Ph no. +91 9590227221;))
April 3 (Reuters) - Suryoday Small Finance Bank Ltd SURO.BO:
SURYODAY SMALL FINANCE BANK LTD - GROSS ADVANCES AS OF MARCH 31, 2026, AT 132.01 BILLION RUPEES, UP 29% YOY
SURYODAY SMALL FINANCE BANK LTD - TOTAL DEPOSITS AS OF MARCH 31, 2026, AT 139.58 BILLION RUPEES, UP 32% YOY
Source text: ID:nNSE46XjsM
Further company coverage: SURO.BO
(([email protected];;))
April 3 (Reuters) - Suryoday Small Finance Bank Ltd SURO.BO:
SURYODAY SMALL FINANCE BANK LTD - GROSS ADVANCES AS OF MARCH 31, 2026, AT 132.01 BILLION RUPEES, UP 29% YOY
SURYODAY SMALL FINANCE BANK LTD - TOTAL DEPOSITS AS OF MARCH 31, 2026, AT 139.58 BILLION RUPEES, UP 32% YOY
Source text: ID:nNSE46XjsM
Further company coverage: SURO.BO
(([email protected];;))
** Shares of Suryoday Small Finance Bank SURO.NS jump 14% to 160 rupees, hitting their highest level since December 2024
** Lender gets payment of 3.14 billion Indian rupees ($35.42 million) from National Credit Guarantee Trustee under the Credit Guarantee Fund for Micro Units (CGFMU) scheme.
** CGFMU is a Indian government-backed scheme that provides loan guarantee support for micro-enterprises
** Payout strengthens bank's financial position, improves liquidity
** More than 17 mln shares traded, 130 times their 30-day avg
** Including session's gains, stock up 12% in 2025
($1 = 88.6610 Indian rupees)
(Reporting by Nishit Navin in Bengaluru)
** Shares of Suryoday Small Finance Bank SURO.NS jump 14% to 160 rupees, hitting their highest level since December 2024
** Lender gets payment of 3.14 billion Indian rupees ($35.42 million) from National Credit Guarantee Trustee under the Credit Guarantee Fund for Micro Units (CGFMU) scheme.
** CGFMU is a Indian government-backed scheme that provides loan guarantee support for micro-enterprises
** Payout strengthens bank's financial position, improves liquidity
** More than 17 mln shares traded, 130 times their 30-day avg
** Including session's gains, stock up 12% in 2025
($1 = 88.6610 Indian rupees)
(Reporting by Nishit Navin in Bengaluru)
Sept 30 (Reuters) - Suryoday Small Finance Bank Ltd SURO.BO:
SURYODAY SMALL FINANCE BANK LTD - RECEIVES 3.14 BILLION RUPEES CLAIM IN FULL FROM NCGTC
Source text: ID:nBSE31LZVy
Further company coverage: SURO.BO
Sept 30 (Reuters) - Suryoday Small Finance Bank Ltd SURO.BO:
SURYODAY SMALL FINANCE BANK LTD - RECEIVES 3.14 BILLION RUPEES CLAIM IN FULL FROM NCGTC
Source text: ID:nBSE31LZVy
Further company coverage: SURO.BO
** Shares of Suryoday Small Finance Bank SURO.BO up 3.3% to 131.5 rupees
** Bank partners with Paytm PAYT.NS to launch Paytm post paid as credit line on UPI, which will offer up to 30 days of interest-free credit
** Stock set to rise most in a session in over a month
** More than 18,500 shares traded, 2.2x its 30-day moving avg
** YTD, SURO down ~6%
(Reporting by Anuran Sadhu in Bengaluru)
(([email protected]; +91 8697274436;))
** Shares of Suryoday Small Finance Bank SURO.BO up 3.3% to 131.5 rupees
** Bank partners with Paytm PAYT.NS to launch Paytm post paid as credit line on UPI, which will offer up to 30 days of interest-free credit
** Stock set to rise most in a session in over a month
** More than 18,500 shares traded, 2.2x its 30-day moving avg
** YTD, SURO down ~6%
(Reporting by Anuran Sadhu in Bengaluru)
(([email protected]; +91 8697274436;))
** Shares of Suryoday Small Finance Bank Ltd SURO.NS fall as much as 5.9% to 130.3 rupees, down for a second straight session
** Co reported a 49.6% y/y fall in Q1 net profit to 352.8 mln rupees ($4.1 mln); net interest income (NII) down 15.7%
** Says stress in the microfinance sector continued to weigh on NII and credit costs, thereby impacting profitability for the quarter
** More than 183,000 shares traded by 9:44 a.m. IST, compared with the 30-day moving avg of 204,732 shares
** SURO last down 4.2%, cutting YTD gains to 2.2%
($1 = 86.5070 Indian rupees)
(Reporting by Meenakshi Maidas in Bengaluru)
(([email protected];))
** Shares of Suryoday Small Finance Bank Ltd SURO.NS fall as much as 5.9% to 130.3 rupees, down for a second straight session
** Co reported a 49.6% y/y fall in Q1 net profit to 352.8 mln rupees ($4.1 mln); net interest income (NII) down 15.7%
** Says stress in the microfinance sector continued to weigh on NII and credit costs, thereby impacting profitability for the quarter
** More than 183,000 shares traded by 9:44 a.m. IST, compared with the 30-day moving avg of 204,732 shares
** SURO last down 4.2%, cutting YTD gains to 2.2%
($1 = 86.5070 Indian rupees)
(Reporting by Meenakshi Maidas in Bengaluru)
(([email protected];))
July 24 (Reuters) - Suryoday Small Finance Bank Ltd SURO.BO:
JUNE-QUARTER NET PROFIT 352.8 MILLION RUPEES
JUNE-QUARTER GROSS NPA 8.46%
JUNE-QUARTER INTEREST EARNED 4.95 BILLION RUPEES
JUNE-QUARTER PROVISIONS AND CONTINGENCIES 620.9 MILLION RUPEES
Source text: ID:nBSE7kts5y
Further company coverage: SURO.BO
(([email protected];;))
July 24 (Reuters) - Suryoday Small Finance Bank Ltd SURO.BO:
JUNE-QUARTER NET PROFIT 352.8 MILLION RUPEES
JUNE-QUARTER GROSS NPA 8.46%
JUNE-QUARTER INTEREST EARNED 4.95 BILLION RUPEES
JUNE-QUARTER PROVISIONS AND CONTINGENCIES 620.9 MILLION RUPEES
Source text: ID:nBSE7kts5y
Further company coverage: SURO.BO
(([email protected];;))
** Shares of Suryoday Small Finance Bank SURO.NS rise 2.3% to 141.73 rupees
** Bank's Q1 gross advances rise 20% Y/Y, total deposit up 39% Y/Y
** Q1 disbursement up 30% Y/Y at 22.61 bln rupees ($264.7 mln)
** Trading vols at 370,413 shares so far, over 1.2x the 30-day average
** SURO up ~4% YTD
($1 = 85.4050 Indian rupees)
(Reporting by Vijay Malkar)
(([email protected];))
** Shares of Suryoday Small Finance Bank SURO.NS rise 2.3% to 141.73 rupees
** Bank's Q1 gross advances rise 20% Y/Y, total deposit up 39% Y/Y
** Q1 disbursement up 30% Y/Y at 22.61 bln rupees ($264.7 mln)
** Trading vols at 370,413 shares so far, over 1.2x the 30-day average
** SURO up ~4% YTD
($1 = 85.4050 Indian rupees)
(Reporting by Vijay Malkar)
(([email protected];))
June 26 (Reuters) - Suryoday Small Finance Bank Ltd SURO.BO:
SURYODAY SMALL FINANCE BANK - RE-APPOINTS BASKAR BABU RAMACHANDRAN AS MD & CEO
Source text: ID:nBSEbW6LjQ
Further company coverage: SURO.BO
(([email protected];))
June 26 (Reuters) - Suryoday Small Finance Bank Ltd SURO.BO:
SURYODAY SMALL FINANCE BANK - RE-APPOINTS BASKAR BABU RAMACHANDRAN AS MD & CEO
Source text: ID:nBSEbW6LjQ
Further company coverage: SURO.BO
(([email protected];))
June 20 (Reuters) - India's central bank on Friday reduced the mandated portion of lending that small finance banks have to extend to priority sectors such as agriculture and small businesses, lowering it by 15 percentage points.
Small finance banks currently have to extend 75% of their loans to priority sectors. After a review, the Reserve Bank of India has effectively cut the requirement to 60% of total lending.
(Reporting by Manvi Pant in Bengaluru; Editing by Vijay Kishore)
(([email protected]; +918447554364;))
June 20 (Reuters) - India's central bank on Friday reduced the mandated portion of lending that small finance banks have to extend to priority sectors such as agriculture and small businesses, lowering it by 15 percentage points.
Small finance banks currently have to extend 75% of their loans to priority sectors. After a review, the Reserve Bank of India has effectively cut the requirement to 60% of total lending.
(Reporting by Manvi Pant in Bengaluru; Editing by Vijay Kishore)
(([email protected]; +918447554364;))
March 28 (Reuters) - Suryoday Small Finance Bank Ltd SURO.BO:
TO SELL STRESSED LOAN PORTFOLIO AMOUNTING 805.9 MILLION RUPEES FOR 314.3 MILLION RUPEES
Source text: [ID:]
Further company coverage: SURO.BO
(([email protected];))
March 28 (Reuters) - Suryoday Small Finance Bank Ltd SURO.BO:
TO SELL STRESSED LOAN PORTFOLIO AMOUNTING 805.9 MILLION RUPEES FOR 314.3 MILLION RUPEES
Source text: [ID:]
Further company coverage: SURO.BO
(([email protected];))
** Shares of Suryoday Small Finance Bank SURO.NS rise 3.8% to 102.58 rupees
** The bank's promoter, MD and CEO Baskar Babu Ramachandran, acquired 150,000 shares from open market
** The promoter group holding in bank increased to 22.44% from 22.30%
** Trading vols at 437,377 shares, 1.4x the 30-day average
** Stock set to snap a five-session losing streak
** SURO stock down ~24% in 2025
(Reporting by Vijay Malkar)
(([email protected];))
** Shares of Suryoday Small Finance Bank SURO.NS rise 3.8% to 102.58 rupees
** The bank's promoter, MD and CEO Baskar Babu Ramachandran, acquired 150,000 shares from open market
** The promoter group holding in bank increased to 22.44% from 22.30%
** Trading vols at 437,377 shares, 1.4x the 30-day average
** Stock set to snap a five-session losing streak
** SURO stock down ~24% in 2025
(Reporting by Vijay Malkar)
(([email protected];))
Jan 29 (Reuters) - Suryoday Small Finance Bank Ltd SURO.BO:
OUTSTANDING EXPOSURE OF 116.6 MILLION RUPEES TO AVIOM INDIA HOUSING
Source text: ID:nBSE14qLmq
Further company coverage: SURO.BO
(([email protected];;))
Jan 29 (Reuters) - Suryoday Small Finance Bank Ltd SURO.BO:
OUTSTANDING EXPOSURE OF 116.6 MILLION RUPEES TO AVIOM INDIA HOUSING
Source text: ID:nBSE14qLmq
Further company coverage: SURO.BO
(([email protected];;))
** Shares of Suryoday Small Finance Bank SURO.BO slump as much as 7.4% to 125.10 rupees, mark sharpest intraday pct loss since Oct. 25, 2024
** SURO on Thursday reported ~42% Y/Y fall in Q3 net profit to 333 mln rupees ($3.9 mln)
** Gross non-performing assets ratio, a key gauge of lenders' asset quality, degraded to 5.53% from 3.03% three months earlier
** This is the stock's most active trading session since Dec. 2 with more than 756,000 shares changing hands, 2.2x of 30-day avg
** Stock fell 25% in Dec. qtr, its biggest quarterly fall since March 2022
($1 = 86.2975 Indian rupees)
(Reporting by Ashish Chandra in Bengaluru)
(([email protected] (+91 7982114624))
** Shares of Suryoday Small Finance Bank SURO.BO slump as much as 7.4% to 125.10 rupees, mark sharpest intraday pct loss since Oct. 25, 2024
** SURO on Thursday reported ~42% Y/Y fall in Q3 net profit to 333 mln rupees ($3.9 mln)
** Gross non-performing assets ratio, a key gauge of lenders' asset quality, degraded to 5.53% from 3.03% three months earlier
** This is the stock's most active trading session since Dec. 2 with more than 756,000 shares changing hands, 2.2x of 30-day avg
** Stock fell 25% in Dec. qtr, its biggest quarterly fall since March 2022
($1 = 86.2975 Indian rupees)
(Reporting by Ashish Chandra in Bengaluru)
(([email protected] (+91 7982114624))
Jan 23 (Reuters) - Suryoday Small Finance Bank Ltd SURO.BO:
DEC-QUARTER NET PROFIT 333 MILLION RUPEES
DEC-QUARTER GROSS NPA 5.53%
DEC-QUARTER INTEREST EARNED 4.88 BILLION RUPEES
DEC-QUARTER PROVISIONS AND CONTINGENCIES 336.2 MILLION RUPEES
Source text: ID:nNSE1f5VLT
Further company coverage: SURO.BO
(([email protected];;))
Jan 23 (Reuters) - Suryoday Small Finance Bank Ltd SURO.BO:
DEC-QUARTER NET PROFIT 333 MILLION RUPEES
DEC-QUARTER GROSS NPA 5.53%
DEC-QUARTER INTEREST EARNED 4.88 BILLION RUPEES
DEC-QUARTER PROVISIONS AND CONTINGENCIES 336.2 MILLION RUPEES
Source text: ID:nNSE1f5VLT
Further company coverage: SURO.BO
(([email protected];;))
** Shares of Suryoday Small Finance Bank SURO.BO fall 12% to 137.10 rupees, hitting its lowest in over a year
** Bank reports a 9.8% fall in Q2 net profit to 453.9 million rupees ($5.4 million)
** Gross non-performing assets ratio, a key gauge of lenders' asset quality, degraded to 3.03% from 2.84% three months earlier
** Busiest session for the stock in over six months; more than 421,000 shares change hands, over 11 times the 30-day avg
** Stock down ~12% so far this year after rising ~28% in 2023
($1 = 84.0700 Indian rupees)
(Reporting by Dimpal Gulwani in Bengaluru)
** Shares of Suryoday Small Finance Bank SURO.BO fall 12% to 137.10 rupees, hitting its lowest in over a year
** Bank reports a 9.8% fall in Q2 net profit to 453.9 million rupees ($5.4 million)
** Gross non-performing assets ratio, a key gauge of lenders' asset quality, degraded to 3.03% from 2.84% three months earlier
** Busiest session for the stock in over six months; more than 421,000 shares change hands, over 11 times the 30-day avg
** Stock down ~12% so far this year after rising ~28% in 2023
($1 = 84.0700 Indian rupees)
(Reporting by Dimpal Gulwani in Bengaluru)
Oct 24 (Reuters) - Suryoday Small Finance Bank Ltd SURO.BO:
SEPT-QUARTER NET PROFIT 453.9 MILLION RUPEES
SEPT-QUARTER GROSS NPA 3.03%
SEPT-QUARTER INTEREST EARNED 5.07 BILLION RUPEES
SEPT-QUARTER PROVISIONS AND CONTINGENCIES 667.7 MILLION RUPEES
SEPT-QUARTER NET NPA 0.80%
Source text for Eikon: ID:nBSE4Dk5mP
Further company coverage: SURO.BO
(([email protected];;))
Oct 24 (Reuters) - Suryoday Small Finance Bank Ltd SURO.BO:
SEPT-QUARTER NET PROFIT 453.9 MILLION RUPEES
SEPT-QUARTER GROSS NPA 3.03%
SEPT-QUARTER INTEREST EARNED 5.07 BILLION RUPEES
SEPT-QUARTER PROVISIONS AND CONTINGENCIES 667.7 MILLION RUPEES
SEPT-QUARTER NET NPA 0.80%
Source text for Eikon: ID:nBSE4Dk5mP
Further company coverage: SURO.BO
(([email protected];;))
Aug 1 (Reuters) - Suryoday Small Finance Bank Ltd SURO.BO:
JUNE-QUARTER NET PROFIT 700.6 MILLION RUPEES
JUNE-QUARTER GROSS NPA 2.84%
JUNE-QUARTER INTEREST EARNED 4.88 BILLION RUPEES
Source text for Eikon: ID:nBSE1fL7lr
Further company coverage: SURO.BO
(([email protected];;))
Aug 1 (Reuters) - Suryoday Small Finance Bank Ltd SURO.BO:
JUNE-QUARTER NET PROFIT 700.6 MILLION RUPEES
JUNE-QUARTER GROSS NPA 2.84%
JUNE-QUARTER INTEREST EARNED 4.88 BILLION RUPEES
Source text for Eikon: ID:nBSE1fL7lr
Further company coverage: SURO.BO
(([email protected];;))
** Suryoday Small Finance Bank SURO.BO jumps ~3%
** Stock set for best one-day pct gain in nearly a month
** Lender's Q1 gross advances jumped 42% y/y, disbursements up 46% y/y
** Trading vols nearly twice the 30-day avg in early trade
** YTD stock has gained over 25%
(Reporting by Hritam Mukherjee in Bengaluru)
(([email protected];))
** Suryoday Small Finance Bank SURO.BO jumps ~3%
** Stock set for best one-day pct gain in nearly a month
** Lender's Q1 gross advances jumped 42% y/y, disbursements up 46% y/y
** Trading vols nearly twice the 30-day avg in early trade
** YTD stock has gained over 25%
(Reporting by Hritam Mukherjee in Bengaluru)
(([email protected];))
July 3 (Reuters) - Suryoday Small Finance Bank Ltd SURO.BO:
Q1 GROSS ADVANCES UP 42% Y/Y
Q1 TOTAL DEPOSIT GREW 42% Y/Y
Source text for Eikon: ID:nBSEbp3yPH
Further company coverage: SURO.BO
(([email protected];;))
July 3 (Reuters) - Suryoday Small Finance Bank Ltd SURO.BO:
Q1 GROSS ADVANCES UP 42% Y/Y
Q1 TOTAL DEPOSIT GREW 42% Y/Y
Source text for Eikon: ID:nBSEbp3yPH
Further company coverage: SURO.BO
(([email protected];;))
** Shares Suryoday Small Finance Bank SURO.BO rise as much as 6% to 214.50 upees; last up 1.3%
** The lender reported a 56.4% Y/Y jump in its March-qtr profit to 608.4 mln rupees ($7.3 mln)
** Interest earned rose 35% to 4.45 bln rupees; provisions and contingencies fell 6.4% to 481.6 mln rupees
** Co sees advances growth of 30%-35% and deposits growth of 40%-45% for FY25
** Its net interest margin (NIM), a key gauge of profitability for banks, fell to 10.1% in the fourth quarter from 10.4% Y/Y
** Over 144,000 shares change hands as of 1:28 p.m. IST, 1x the 30-day moving average
** Including session's gain, stock is up 31% YTD
($1 = 83.4950 Indian rupees)
(Reporting by Navamya Ganesh Acharya in Bengaluru)
(([email protected]; +91 8805175330 ;))
** Shares Suryoday Small Finance Bank SURO.BO rise as much as 6% to 214.50 upees; last up 1.3%
** The lender reported a 56.4% Y/Y jump in its March-qtr profit to 608.4 mln rupees ($7.3 mln)
** Interest earned rose 35% to 4.45 bln rupees; provisions and contingencies fell 6.4% to 481.6 mln rupees
** Co sees advances growth of 30%-35% and deposits growth of 40%-45% for FY25
** Its net interest margin (NIM), a key gauge of profitability for banks, fell to 10.1% in the fourth quarter from 10.4% Y/Y
** Over 144,000 shares change hands as of 1:28 p.m. IST, 1x the 30-day moving average
** Including session's gain, stock is up 31% YTD
($1 = 83.4950 Indian rupees)
(Reporting by Navamya Ganesh Acharya in Bengaluru)
(([email protected]; +91 8805175330 ;))
Suryoday Small Finance Bank Ltd SURO.BO:
SURYODAY SMALL FINANCE BANK LTD - SEES ADVANCES GROWTH 30% - 35% FOR FY25
SURYODAY SMALL FINANCE BANK LTD - SEES DEPOSIT GROWTH 40% - 45% FOR FY25
SURYODAY SMALL FINANCE BANK LTD - SEES NIM 9.5% - 9.7% FOR FY25
SURYODAY SMALL FINANCE BANK LTD - SEES GNPA LESS THAN 2.5% FOR FY25
SURYODAY SMALL FINANCE BANK LTD - SEES NNPA LESS THAN 0.6% FOR FY25
Source text for Eikon: [ID:]
Further company coverage: SURO.BO
Suryoday Small Finance Bank Ltd SURO.BO:
SURYODAY SMALL FINANCE BANK LTD - SEES ADVANCES GROWTH 30% - 35% FOR FY25
SURYODAY SMALL FINANCE BANK LTD - SEES DEPOSIT GROWTH 40% - 45% FOR FY25
SURYODAY SMALL FINANCE BANK LTD - SEES NIM 9.5% - 9.7% FOR FY25
SURYODAY SMALL FINANCE BANK LTD - SEES GNPA LESS THAN 2.5% FOR FY25
SURYODAY SMALL FINANCE BANK LTD - SEES NNPA LESS THAN 0.6% FOR FY25
Source text for Eikon: [ID:]
Further company coverage: SURO.BO
** Shares of Suryoday Small Finance Bank SURO.BO up 11.8%
** Stock rose as much as 13.8% to 190.9 rupees
** The bank said its Q4 gross advances grew 41% Y/Y, and total deposits rose 50% Y/Y
** Stock on track for a fourth consecutive session of gains, if trend holds
** SURO up 16.4% for the week, poised to snap five straight weekly losses
** More than 290,000 shares change hands by 10:30 a.m. IST, 3.1x the 30-day avg
** Including session's gain, stock is up 19.7% YTD
(Reporting by Navamya Ganesh Acharya in Bengaluru)
(([email protected]; +91 8805175330 ;))
** Shares of Suryoday Small Finance Bank SURO.BO up 11.8%
** Stock rose as much as 13.8% to 190.9 rupees
** The bank said its Q4 gross advances grew 41% Y/Y, and total deposits rose 50% Y/Y
** Stock on track for a fourth consecutive session of gains, if trend holds
** SURO up 16.4% for the week, poised to snap five straight weekly losses
** More than 290,000 shares change hands by 10:30 a.m. IST, 3.1x the 30-day avg
** Including session's gain, stock is up 19.7% YTD
(Reporting by Navamya Ganesh Acharya in Bengaluru)
(([email protected]; +91 8805175330 ;))
April 3 (Reuters) - Suryoday Small Finance Bank Ltd SURO.BO:
SURYODAY SMALL FINANCE BANK LTD - Q4 GROSS ADVANCES UP 41% Y/Y
SURYODAY SMALL FINANCE BANK LTD - TOTAL DEPOSITS AS OF MARCH UP 50% Y/Y
Source text for Eikon: ID:nBSE8NCgzR
Further company coverage: SURO.BO
(([email protected];))
April 3 (Reuters) - Suryoday Small Finance Bank Ltd SURO.BO:
SURYODAY SMALL FINANCE BANK LTD - Q4 GROSS ADVANCES UP 41% Y/Y
SURYODAY SMALL FINANCE BANK LTD - TOTAL DEPOSITS AS OF MARCH UP 50% Y/Y
Source text for Eikon: ID:nBSE8NCgzR
Further company coverage: SURO.BO
(([email protected];))
Feb 8 (Reuters) - Suryoday Small Finance Bank Ltd SURO.BO:
DEC-QUARTER NET PROFIT 572.2 MILLION RUPEES VERSUS PROFIT 180.5 MILLION RUPEES
DEC-QUARTER INTEREST EARNED 4.11 BILLION RUPEES VERSUS 2.92 BILLION RUPEES
Further company coverage: SURO.BO
(([email protected];))
Feb 8 (Reuters) - Suryoday Small Finance Bank Ltd SURO.BO:
DEC-QUARTER NET PROFIT 572.2 MILLION RUPEES VERSUS PROFIT 180.5 MILLION RUPEES
DEC-QUARTER INTEREST EARNED 4.11 BILLION RUPEES VERSUS 2.92 BILLION RUPEES
Further company coverage: SURO.BO
(([email protected];))
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Popular questions
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What does Suryoday Small Fin. do?
Suryoday Small Finance Bank Limited is a leading Small Finance Bank in India, catering to unbanked and underbanked segments. It offers a wide range of inclusive financial products leveraging technology for operations.
Who are the competitors of Suryoday Small Fin.?
Suryoday Small Fin. major competitors are Fino Payments Bank, Dhanlaxmi Bank, Utkarsh Small Fin., DCB Bank, CSB Bank, Equitas Small Fin., Karnataka Bank. Market Cap of Suryoday Small Fin. is ₹1,988 Crs. While the median market cap of its peers are ₹6,121 Crs.
Is Suryoday Small Fin. financially stable compared to its competitors?
Suryoday Small Fin. seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Suryoday Small Fin. pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Suryoday Small Fin. latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Suryoday Small Fin. allocated its funds?
Companies resources are majorly tied in miscellaneous assets
How strong is Suryoday Small Fin. balance sheet?
Suryoday Small Fin. balance sheet is weak and might have solvency issues
Is the profitablity of Suryoday Small Fin. improving?
The profit is oscillating. The profit of Suryoday Small Fin. is ₹152 Crs for TTM, ₹115 Crs for Mar 2025 and ₹216 Crs for Mar 2024.
Is the debt of Suryoday Small Fin. increasing or decreasing?
The net debt of Suryoday Small Fin. is decreasing. Latest net debt of Suryoday Small Fin. is ₹0 Crs as of Mar-26. This is less than Mar-25 when it was ₹2,710 Crs.
Is Suryoday Small Fin. stock expensive?
Yes, Suryoday Small Fin. is expensive. Latest PE of Suryoday Small Fin. is 13.22, while 3 year average PE is 12.16. Also latest EV/EBITDA of Suryoday Small Fin. is 15.1 while 3yr average is 4.92.
Has the share price of Suryoday Small Fin. grown faster than its competition?
Suryoday Small Fin. has given better returns compared to its competitors. Suryoday Small Fin. has grown at ~0.77% over the last 2yrs while peers have grown at a median rate of -3.13%
Is the promoter bullish about Suryoday Small Fin.?
Promoters seem to be bullish about the company. Latest quarter promoter holding is 22.48% and last quarter promoter holding is 22.44%.
Are mutual funds buying/selling Suryoday Small Fin.?
The mutual fund holding of Suryoday Small Fin. is increasing. The current mutual fund holding in Suryoday Small Fin. is 1.58% while previous quarter holding is 1.2%.