Suryoday Small Finance Bank rises on reporting 37% growth in total deposit for Q2 FY23

Suryoday Small Finance Bank is currently trading at Rs. 98.50, up by 0.15 points or 0.15% from its previous closing of Rs. 98.35 on the BSE.

The scrip opened at Rs. 99.55 and has touched a high and low of Rs. 99.55 and Rs. 98.20 respectively. So far 5698 shares were traded on the counter.

Suryoday Small Finance Bank

Suryoday Small Finance Bank

The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 192.80 on 12-Oct-2021 and a 52 week low of Rs. 77.20 on 01-Jul-2022.

Last one week high and low of the scrip stood at Rs. 101.20 and Rs. 95.50 respectively. The current market cap of the company is Rs. 1054.16 crore.

The promoters holding in the company stood at 28.01%, while Institutions and Non-Institutions held 32.17% and 39.82% respectively.

Suryoday Small Finance Bank has reported 37% growth in total deposit at Rs 4,278 crore for the Q2 FY23 as compared to Rs 3,129 crore in Q2 FY22. On a quarterly basis, the deposits were up by 6% at Rs 4,020 crore in Q1 FY23.

The company has reported 21% growth in gross advances at Rs 5,409 crore for the Q2 FY23 as compared to Rs 4,471 crore in Q2 FY22 and 5% growth on quarter-on-quarter (QoQ) basis at Rs 5,133 crore in Q1 FY23.

The company has reported 5% growth in Disbursement at Rs 1,118 crore for the Q2 FY23 as compared to Rs 1,067 crore in Q2 FY22.

Suryoday Small Finance Bank commenced its microfinance operations in 2009 and has since expanded its operations across several states and union territories.

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