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01-06-2023 11:26 AM | Source: Accord Fintech
Suryoday Small Finance Bank rises on logging 48% growth in total deposits during Q3FY23
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Suryoday Small Finance Bank is currently trading at Rs. 114.75, up by 0.45 points or 0.39% from its previous closing of Rs. 114.30 on the BSE.

The scrip opened at Rs. 115.00 and has touched a high and low of Rs. 116.55 and Rs. 114.70 respectively. So far 12621 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 158.00 on 13-Apr-2022 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. 124.80 and Rs. 112.75 respectively. The current market cap of the company is Rs. 1233.56 crore.

The promoters holding in the company stood at 28.01%, while Institutions and Non-Institutions held 26.45% and 45.54% respectively.

Suryoday Small Finance Bank has posted 48% growth in total deposits at Rs 4,684 crore (provisional) for the third quarter ended December 31, 2022 (Q3FY23) as compared to Rs 3,170 crore in Q3FY22. On a quarterly basis, the deposits were up 11% from Rs 4,207 crore as of September 2022.

Gross advances stood at Rs 5,409 crore (provisional) as of December 31, 2022, posting a 11% rise in year-on-year (YoY) against Rs 4,872 crore as of December 31, 2021 and marginal rise on quarter-on-quarter (QoQ) basis from Rs 5,378 crore in in September 2022. The Bank’s CASA stood at 13.9% in Q3FY23 as against 19.2% in Q3FY22. Besides, its Gross Non-Performing Assets (GNPA) improved 4.26% in Q3FY23 from 10.5% in Q3FY22.

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