Suryoday Small Finance Bank Q1 Update: Gross advances up 20% to ₹10,846 crore

Suryoday Small Finance Bank on Thursday (July 3) reported a 20% year-on-year growth in gross advances for the quarter ended June 30, 2025, reaching ₹10,846 crore. Sequentially, advances rose 6%. Total disbursements stood at ₹2,261 crore, up 30% YoY and 8% quarter-on-quarter, indicating strong credit demand across segments.

Deposits rose sharply, growing 39% YoY and 7% sequentially to ₹11,312 crore. Retail deposits saw a 44% YoY jump. However, CASA deposits declined 9% sequentially to ₹2,003 crore, though they were still up 29% on-year. The CASA ratio fell to 17.7%, compared to 20.9% in the previous quarter and remained flat.

Asset quality weakened during the quarter, with gross non-performing assets (GNPA) rising to 8.5%, compared to 7.1% in the previous quarter and 2.7% a year earlier. Of the ₹927 crore in GNPA, ₹804 crore was covered under the Credit Guarantee Fund for Micro Units (CGFMU) scheme, with ₹585 crore deemed claimable.

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The bank received ₹56 crore under the scheme in Q1, representing full settlement of claims made during the period. As of June 2025, nearly 98% of the bank’s inclusive finance portfolio — comprising 48% of total gross advances — was covered under the CGFMU.

Shares of Suryoday Small Finance Bank Ltd ended at ₹138.35, down by ₹2.55, or 1.81%, on the BSE.

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