Suryoday’s Q1 Surge: Deposits Jump 39%, Advances Cross ₹108 Bn Mark

Suryoday Small Finance Bank Ltd has posted a stellar performance for Q1 FY26, with both deposits and advances showing robust year-on-year growth. The bank’s continued focus on financial inclusion, retail expansion, and digital onboarding has helped it cross key milestones in its operational metrics.

 

Key Highlights:

 

Gross Advances rose 42% YoY to ₹108.46 billion, up from ₹76.4 billion in Q1 FY25, driven by strong traction in Vikas Loans and secured retail assets.

 

Total Deposits surged 39% YoY to ₹113.12 billion, with retail deposits contributing ₹89.3 billion and bulk deposits ₹23.8 billion.

 

CASA Ratio improved to 17.7%, up from 14.9% YoY, indicating better cost of funds and granular deposit acquisition.

 

Disbursements in Q1 stood at ₹17.4 billion, a 46% YoY rise, led by growth in microfinance and MSME segments.

 

Asset Quality remained stable: Gross NPA declined to 2.67%, down from 3% YoY, reflecting improved underwriting and recoveries.

 

Digital Momentum: The bank’s mobile app and digital channels contributed significantly to new account openings and loan servicing.

 

Market Response: Shares of Suryoday SFB rose 5.8% post-announcement, reflecting investor optimism around its growth trajectory and asset quality.

 

With advances and deposits both breaching the ₹100 billion mark, Suryoday is fast emerging as a formidable player in India’s small finance banking space, balancing scale with inclusion.

 

Source: NDTV Profit, Business Standard, ICICIdirect