02-04-2022 03:19 PM | Source: Accord Fintech
Suryoday Small Finance Bank gains as its gross advances rise 24.7% in Q3FY22
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Suryoday Small Finance Bank is currently trading at Rs. 140.85, up by 0.10 points or 0.07% from its previous closing of Rs. 140.75 on the BSE.

The scrip opened at Rs. 140.75 and has touched a high and low of Rs. 144.70 and Rs. 139.50 respectively. So far 15740 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 295.95 on 26-Mar-2021 and a 52 week low of Rs. 136.10 on 25-Jan-2022.

Last one week high and low of the scrip stood at Rs. 144.70 and Rs. 138.00 respectively. The current market cap of the company is Rs. 1490.47 crore.

The promoters holding in the company stood at 28.01%, while Institutions and Non-Institutions held 34.37% and 37.62% respectively.

Suryoday Small Finance Bank’s gross advances stood at Rs 4,872.3 crore for the period ended December 31, 2021 (Q3FY22), registered a growth of 24.7% compared to the same period last year. Disbursement for the Q3FY22 stood at Rs 1121 crore up from Rs 1067 crore in Q2FY22 and Rs 785.3 crore in Q3FY21.

The deposits for the quarter ended December 31, 2021 stood at Rs 3,169.5 crore, the deposits degrew by 5.2% compared same period last year. Retail deposits increased YoY at 15.7% and Bulk reduced Year on Year (YoY) by 60.1%. The share of retail deposits, stood at 88.4% for the quarter ended December 31, 2021, compared to 87.9% in September 30, 2021. Overall collection efficiency in the month of December 2021 was 109%.

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