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Suryoday Small Finance Bank conducted a conference call 02 August 2024 to discuss the financial results for the quarter ended June 2024. Baskar Babu Ramachandran, MD&CEO of the bank addressed the call:
Highlights:
The bank has recorded 42% growth in advance to Rs 9037 crore end June 2024 over Rs 6372 crore end June 2023 driven by strong growth in disbursements across segments.
The bank has Vikas loan customers at 4.8 lakh and June 2023. The vikas loan now contributes over 53% of the inclusive finance portfolio. The company has over 4.8 lakh vikas loans customers.
The disbursements surged 46.3% to Rs 1740 crore in Q1FY2025 from Rs 1190 crore in Q1FY24.
The Vikas loan disbursements increased to Rs 513 crore from Rs 213 crore in Q1 last year.
The bank has recorded 42% growth in the deposits to Rs 8137 crore end June 2024 as against Rs 5722 crore end June 2023.
The CASA deposit ratio has improved to 17.7% and June 202...
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