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Suryoday Small Finance Bank Soars: Loans, Deposits Jump 35% in Q2, Stock Rises
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CNBC TV18•05-10-2026, 13:06
Suryoday Small Finance Bank Soars: Loans, Deposits Jump 35% in Q2, Stock Rises
- •Suryoday Small Finance Bank's gross advances surged 34.6% year-on-year to –14,972 crore in Q2 FY24, driving a 4.6% stock jump.
- •Total deposits increased by 35% year-on-year to –16,184 crore, with retail deposits up 32.5% and bulk deposits up 50.1%.
- •Disbursements grew 27.4% year-on-year to –3,095 crore, while CASA deposits rose 26.8% to –3,142 crore.
- •The bank reported strong collection efficiency, with 97.7% for one EMI and 99.1% for current-bucket as of September 30.
- •Gross non-performing assets (GNPA) significantly improved to 2.9% from 6.5% last quarter and 9.3% a year ago.
Key Questions Answered
Suryoday Small Finance Bank reported a 34.6% year-on-year rise in gross advances to ₹14,972 crore, while total deposits grew by 35% to ₹16,184 crore for the September quarter.
The bank reported its gross non-performing assets at 2.9% as of September 30, which is a significant improvement compared to 6.5% in the previous quarter and 9.3% a year earlier.
Following the September quarter business update, shares of Suryoday Small Finance Bank jumped up to 4.6% to reach an intraday high of ₹150.19 before paring some gains.
