Suryoday Small Finance Bank Ltd
NSE:SURYODAY
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Suryoday Small Finance Bank Ltd
NSE:SURYODAY
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Suryoday Small Finance Bank Ltd
Suryoday Small Finance Bank Ltd. engages in the provision of commercial banking and micro finance services. The company is headquartered in Navi Mumbai, Maharashtra. The company went IPO on 2021-03-26. The firm is engaged in providing loans to women from weaker sections to traditional banking services. The Bank also provides finance for mortgage loans, commercial vehicles, loans to micro, small and medium enterprises and loans to Non-banking finance companies (NBFCs). The Bank operates Treasury, Retail banking, Wholesale banking and Other Banking Operations.
Suryoday Small Finance Bank Ltd. engages in the provision of commercial banking and micro finance services. The company is headquartered in Navi Mumbai, Maharashtra. The company went IPO on 2021-03-26. The firm is engaged in providing loans to women from weaker sections to traditional banking services. The Bank also provides finance for mortgage loans, commercial vehicles, loans to micro, small and medium enterprises and loans to Non-banking finance companies (NBFCs). The Bank operates Treasury, Retail banking, Wholesale banking and Other Banking Operations.
Advances Growth: Gross advances rose 24.3% year-on-year to INR 11,885 crores as of December 2025.
Deposit Momentum: Deposits increased by 32.5% YoY to INR 12,865 crores, with retail deposits making up 87%.
Asset Quality: GNPA ratio stood at 6.6% due to low write-offs, but most of the MFI book is covered under the CGFMU scheme, reducing actual loss risk.
Cost-to-Income Target: Management aims to bring the cost-to-income ratio under 65% next year, down from the current 73.6%.
Profitability Outlook: Q4 is expected to deliver higher profitability and improved earnings as the paying book grows and slippages decline.
Digital & UPI Growth: Credit on UPI and digital products are scaling rapidly, with ambitions to reach up to 10 lakh approved customers by year end.
Guidance: Management targets a 1% credit cost and double-digit ROE (around 10–11%) in Q4, with further improvement expected in FY '27.
