The collection efficiency as of December 2022 stood at 110.4%.

The Bank’s Gross Advances as of December 2022 registered a growth of 11.0%, which stood at Rs.5,408.2.

Suryoday Small Finance Bank’s PAT rose to Rs. 83.7 Crores Y-o-Y to Rs.38.8 Crores in 9M FY23

The collection efficiency as of December 2022 stood at 110.4%.

The Bank’s Gross Advances as of December 2022 registered a growth of 11.0%, which stood at Rs.5,408.2.

Commenting on the performance, Mr. Baskar Babu, MD & CEO, Suryoday Small Finance Bank, said"For 9M FY23 the bank has undertaken a careful approach in disbursing new loans, with a strong emphasis on collections. We took the correct steps at the right time to reduce the risk of portfolio delinquencies while maintaining asset quality. The Bank’s Gross Advances as of December 2022 registered a growth of 11.0%, which stood at ₹5,408.2 (excludes ARC portfolio of ₹418.7 crores as of Dec-22) compared to ₹4,872.3 same periods last year. The Bank’s continued focus on collection efforts has shown good progress. The collection efficiency as of December 2022 stood at 110.4%."