Suryoday Small Finance Bank

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Suryoday Small Finance Bank Limited is a Public incorporated on 10 November 2008. It is classified as Non-govtcompany and is registered at Registrar of Companies, Mumbai. Suryoday Small Finance Bank is a new age bank that went live on January 23rd 2017.The journey from Suryoday Micro Finance and now as Suryoday Small Finance Bank took just eight years
The bank is among the 10 companies and the only one from Maharashtra to obtain a ’Small Finance Bank’ licence from the Reserve Bank of India (RBI) net worth as of March 2018 is Rs. 540Crore (provisional) with an Asset Book size of Rs. 2164Crore, Capital Adequacy ratio of 37.94%. and credit ratings A- / A1 by CARE as on date gives credence to prudent and professional financial management practices.
Milestones in 2017-2018:-
  1. Commenced the operations as Suryoday Small Finance Bank.
  2. Received ‘Scheduled Commercial Bank’ Status
  3. Became Member of CGTMSE – Credit Guarantee Fund Trust for Micro & Small Enterprises.

Earning Per Share (Face Value 10 per Share)

Particulars As at March 31, 2018 As at March 31, 2017
Basic 1.55 3.01
Diluted 1.55 2.90

Financial Highlights

Particulars FY 2017-2018 FY 2016-2017
Advances 1574.95 819.65
Deposits and borrowings 1467.35 1043.64
Total Income 324.92 254.79
Operating Expenses (including interest expenses) 254.53 216.99
Operating Profit 70.39 37.80
Provisions and contingencies (including tax) 60.27 22.70
Profit for the year 10.12 15.10
Add: surplus brought forward from previous year 55.59 44.27
Amount available for appropriation 65.71 59.37
Appropriations:-
Statutory Reserve under section 17
of the Banking Regulation
Act,1949		 2.53 3.78
Investment Reserve 0.05 --
Surplus carried to Balance Sheet 63.13 55.59
EPS ( Basic) 1.55 3.01
EPS(Diluted) 1.55 2.90