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Suryoday SFB to Raise ₹200 Crore via NCDs for Capital Boost
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CNBC TV18•21-09-2026, 17:40
Suryoday SFB to Raise ₹200 Crore via NCDs for Capital Boost
- •Suryoday Small Finance Bank approved raising up to ₹200 crore through Lower Tier II non-convertible debentures (NCDs) via private placement.
- •The NCDs will be rated, listed, unsecured, subordinated, transferable, redeemable, and fully paid-up, categorized as Lower Tier II Capital under Basel II.
- •The bank's board approved a total issuance of up to ₹400 crore in tranches, with ₹200 crore specifically approved for this single tranche.
- •Suryoday SFB reported a 114% YoY net profit increase to ₹75 crore in Q1 FY27, with Net Interest Income up 27.8% to ₹316 crore.
- •Asset quality improved significantly, with net NPA declining to 1.27% from 4.21% in the previous quarter, and gross advances rising 32.5% YoY.
Key Questions Answered
Suryoday Small Finance Bank approved raising up to ₹200 crore through Lower Tier II non-convertible debentures on a private placement basis to raise capital under the Basel II framework.
The proposed NCDs issued by Suryoday Small Finance Bank will be listed on BSE Ltd and will have a tenure not exceeding 10 years from the deemed date of allotment.
Suryoday Small Finance Bank reported a 114% year-on-year rise in net profit to ₹75 crore for the first quarter of FY27, compared with ₹35 crore in the corresponding period last year.
