Sequentially, gross advances rose 5% as compared to Rs 6,114 crore posted on 31 March 2023.
Disbursements for the quarter ended 30 June 2023 stood at Rs 1,190 crore (up 14% YoY and down 29% QoQ).
Total deposits jumped 42% YoY and 10% QoQ to Rs 5,705 crore reported in Q1 FY24. Retail deposits increased to Rs 4,313 crore and bulk deposits stood at Rs 1,392 crore during the quarter.
CASA ratio declined to 15% in Q1 FY24 as against 17% in Q4 FY23 and 20% in Q1 FY23.
Collection efficiency was at 100% as on 30 June 2023 as against 102% as on 31 March 2023 and 89% as on 30 June 2022.
Gross non-performing assets (NPAs) was at 3.4% as on 30 June 2023 as compared to 3.1% as on 31 March 2023 and 10% as on 30 June 2022.
Suryoday Small Finance Bank is a scheduled commercial bank. The bank has a wide presence across 15 states and UTs across India through its 577 banking outlets, with a strong presence in Maharashtra, Tamilnadu and Odisha.
The bank reported a net profit of Rs 38.91 crore in Q4 FY23 as compared with net loss of Rs 48.12 crore in Q4 FY22. Total income jumped 41.65% to Rs 363.41 crore in Q4 FY23 as against Rs 256.55 crore in Q4 FY22.
Shares of Suryoday Small Finance Bank declined 1.87% to Rs 167.85 on the BSE.
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