On a yearly basis, Suryoday Small Finance Bank rose 1.34 per cent to Rs 98.50 after the gross advances of the bank jumped 21 per cent and 5 per cent quarterly to Rs 5,409 crore in the second quarter of FY23.

At the end of the second quarter, the disbursement improved to Rs 1,118 crore, rising 5 per cent yearly and up 10 per cent quarterly.

Total deposits jumped 37 per cent year on year and 6 per cent quarter to quarter to Rs 4,278 crore reported in the second quarter of FY23. Retail deposits stood at Rs 3,022 crore, and bulk deposits improved to Rs 1,256 crore during the quarter.

CASA ratio stood at 17 per cent in the second quarter of FY23 compared with 21 per cent in the first quarter of FY23 and 18.5 per cent in the second quarter of FY22. As on September 2022, Collection efficiency was at 92.4 per cent as compared with 92.5 per cent as on 30 June 2022 and 85.3 per cent as on 30 September 2021.

Suryoday Small Finance Bank (Suryoday SFB) is a scheduled commercial bank. The bank has a wide presence across 13 states and UTs across India through its 565 banking outlets, with a strong presence in Tamil Nadu, Odisha and Maharashtra. The bank had reported a net profit of Rs 7.75 crore in the first quarter of FY23 against a net loss of Rs 47.72 crore in FY22. Total income jumped 23.9 per cent to Rs 294.60 crore from Rs 237.76 crore posted in the first quarter of FY22.