04-10-2024 12:15 PM | Source: PR Agency
Suryoday Small Finance Bank Q2 FY25 Pre Results Quarterly Update
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Key Business Highlights: Deposits and Advances:
Management Commentary
- The Bank has witnessed growth in all performance parameters on Y-on-Y basis.
- As of September 2024, the Inclusive Finance portfolio is ~ 56% of the Gross Advances, out of which over 95% is covered under the CGFMU Scheme.
- The Bank is committed to build a strong retail deposit franchise. Deposits continue to grow faster than Advances as the Bank seeks to achieve a CD Ratio of 100% by March 2025.
- CASA has grown by ~ 57% on Y-on-Y basis with CASA % improving 214 bps over the same period.
Key Business Highlights: Deposits and Advances:
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