Suryoday Small Finance Bank Limited
Suryoday was initially incorporated as Suryoday Micro Finance Limited, was set up in October 2008 as a non-banking financial company, with the objective of providing loans to women in urban and semi-urban areas using the joint liability group (JLG) l...
Key Metrics
EPS
20.33
Current ratio
0.15
Debt/Equity
5.66
Debt/EBITDA
30.16
Interest coverage ratio
-
Operating Cashflow to total debt
0.09
Financials
Pros & Cons
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Here's what we like about this company and potential risks we have identified.
Pros
Comfortable capitalisation profile
Improving asset quality and profitability –
Liquidity position: Strong
Cons
Diversifying the product mix
Increasing the share of CASA in deposits
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About Suryoday Small Finance Bank Limited bond.
This comprehensive profile covers key factual information about SURYODAY SMALL FINANCE BANK LIMITED. Suryoday was initially incorporated as Suryoday Micro Finance Limited, was set up in October 2008 as a non-banking financial company, with the objective of providing loans to women in urban and semi-urban areas using the joint liability group (JLG) lending model. Suryoday received a licence from the Reserve Bank of India (RBI) in FY2016 to commence operations as a small finance bank. It commenced operations as a small finance bank on January 23, 2017. As on December 31, 2023, the bank was operating in 15 states and Union Territories (UTs) across India through its 672 branches, with a strong presence in Maharashtra, Tamil Nadu and Odisha. Suryoday catered to 26.3 lakh clients while managing a portfolio of Rs. 7,600 crore as on December 31, 2023. EPS in Mar-2024 was 20.33. Current ratio in Mar-2024 was 0.15. Debt/Equity in Mar-2024 was 5.66. Debt/EBITDA in Mar-2024 was 30.16. Interest coverage ratio in Mar-2024 was . Operating Cashflow to total debt in Mar-2024 was 0.09. Total revenue for Mar-2025(E) was ₹2149.68. Net income for Mar-2025(E) stood at ₹745.18. Total assets as of Mar-2024 were ₹12,384.68. Operating cash flow for Mar-2024 was ₹934.73. Peers and comparison entities consist of SURYODAY SMALL FINANCE BANK LIMITED, HDFC Bank Limited, ICICI Bank Limited, Kotak Mahindra Bank Limited. As of Dec 2024, promoters hold N/A% while others hold N/A% of equity. Key strengths include: Comfortable capitalisation profile; Improving asset quality and profitability –; Liquidity position: Strong. Key risks include: Diversifying the product mix; Increasing the share of CASA in deposits . Leadership team details include Anand Balaji (Business Head), Baskar Babu Ramachandran (Promoter Director, MD & CEO), Deepak Kumar Sharma (Independent Director), Gaurav Pawra (Business Head), Hemant Shah (Executive Director), John Arunkumar Diaz (Independent Director), Jyotin Mehta (Independent Director), Kanishka Chaudhary (Chief Financial Officer), Kartiklingam Nadar (Head - Operations), Krishna Kant Chaturvedi (Company Secretary), Krishna Prasad Nair (Non Executive Independent Chairman), Mrutunjay Sahoo (Independent Director), Narayan Thathai (Head - Treasury), Nitin Kohli (Head), Pandurang Dixit (Chief Vigilance Officer), R Mohan (Head - Legal), Radhika Gawde (Chief Credit Officer), Ranjit Shah (Director), Sarveish Kharangate (Business Head), Sasidhar Vavilala (Head), Shankar Surender (Chief Compliance Officer), Sudhakar Mogera (Business Head), Sudheer Muvva (Chief Technology Officer), Swati Datye (Independent Director), Vibha Gawde (Chief Audit Officer), Vishal Singh (Chief Information Officer), Yogesh Dixit (Chief Risk Officer). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.