Microfinance Safety Net in Action: Suryoday Bank Receives Rs. 313.89 Crore Claim Payout

Suryoday Small Finance Bank announced on September 30, 2025, the receipt of Rs. 313.89 crore in full against its first interim claim raised under the Credit Guarantee Fund for Micro Units (CGFMU) Scheme for the base year 2023-24. This claim payment was received from the National Credit Guarantee Trustee Company (NCGTC). The bank clarified that this claim amount is part of its ordinary business operations, reflecting ongoing prudent credit risk management and regulatory compliance.

 

Key Highlights of the CGFMU Claim Receipt

This payment supports Suryoday's balance sheet by covering portions of their non-performing assets (NPAs) insured under CGFMU, helping the bank maintain financial stability amid a volatile external environment in microfinance. It signifies the bank's ongoing alignment with regulatory schemes designed to safeguard microfinance lenders and borrowers alike.

 

Source: Suryoday Small Finance Bank announcement