Page 2 - Suryoday Small Finance Bank

Clix Capital, Suryoday SFB in merger talks; deal in advanced stage

Clix had earlier made a non-binding offer to buy up to 85 per cent stake in LVB

Suryoday Small Finance Bank eyes Rs 1,000-crore quarterly disbursements

It has already seen an increase in disbursement to level of Rs 360 crore in July, on par with disbursement in April-June 2021

Suryoday Small Finance Bank reports 89% dip in profit to Rs 12 cr in FY21

Suryoday Small Finance Bank (SFB) on Thursday reported an 89 per cent decline in its net profit to nearly Rs 12 crore for the financial year ended March 2021. The bank, which was listed on the bourses in late-March 2021, had reported a net profit of Rs 110.94 crore in the previous year, the bank said in a regulatory filing. It reported widening of its net loss to Rs 43 crore in the March 2021 quarter, compared with Rs 15.5 crore a year ago. "Profit after tax (PAT) fell 89 per cent year-on-year for FY21 to Rs 11.9 crore compared to FY20. "The lower profitability is due to additional provisioning on increased NPA (non-performing assets) and additional floating provision of 1.5 per cent amounting to Rs 37.5 crore on inclusive finance portfolio due to uncertainty related to second wave of COVID-19, and lower disbursement during FY21," Suryoday SFB said. Disbursements during the year saw a growth of 28 per cent year-on-year to Rs 2,217 crore, predominantly due to uncertainty relating t

Kalyan Jewellers, Suryoday SFB make tepid market debut, list at a discount

Shares of four companies listed this week have been below IPO price

Bulls beat bears after 2 days; Sensex gains 568 pts, Nifty tops 14,500

Bajaj Finserv, Asian Paints, HUL, Titan Company, Bajaj Auto, and HDFC were leading the list of gainers on the Sensex, up between 2.7 per cent and 4.4 per cent

Suryoday Small Finance Bank lists at 4% discount over issue price

The initial public offer (IPO) of Suryoday SFB had managed to get good response from the retail investors and qualified institutional buyers (QIBs)

Stocks to watch: Kalyan Jewellers, Suryoday SFB, Hathway Cable, CG Power

French company Groupe Atlantic would invest Rs 68.3 crore in Somany Home Innovation Limited (SHIL) for 50 per cent stake in its water heater business, as per a regulatory filing

Nazara Tech, Suryoday IPOs oversubscribed as listing boom continues

Six issues closed this week; Barbeque Nation could hit the market next

Entrants' rally fizzles out: IPOs listed since Sept down 20% from peak

Shares of Antony Waste, Mrs Bectors Food, Chemcon Speciality and Burger King are down about 40 per cent each

Suryoday Small Finance Bank initial public offer subscribed 2.37 times

The initial public offer of Suryoday Small Finance Bank was subscribed 2.37 times on the last day of subscription on Friday

Suryoday Small Finance Bank initial public offering fully subscribed

The IPO of Suryoday Small Finance Bank was fully subscribed on the second day of subscription

Suryoday Small Finance Bank initial public offer subscribed 42% on day 1

Suryoday Small Finance Bank's initial public offer was subscribed 42 per cent on Wednesday

Suryoday SFB IPO: Lender diversifies but asset quality worrying still

It was a purely microfinance bank in 2018, but dependence on such loans fell to 71 per cent in Q3

Suryoday SFB IPO: Lender diversifies but asset quality worrying still

It was a purely microfinance bank in 2018, but dependence on such loans fell to 71 per cent in Q3

Suryoday SFB fixes IPO price band at Rs 303-305 per equity share

The IPO consists of a fresh issue of Rs 250 crore and an offer for sale (OFS) of up to Rs 350 crore by existing shareholders

We may apply for universal banking licence: Suryoday Small Finance Bank CEO

Suryoday Small Finance Bank (SSFB) has completed a shade more than a decade as an entity in two avatars

MFI sector growth falters and defaults rise with Assam protests, slowdown

Natural calamities, over-lending and liquidity issues with NBFCs add to the sector's woes

You have to be careful when going is good: Suryoday Small Finance Bank CEO

The key takeaway is we must be substantially capitalised at all points of time, says R Bhaskar Babu

Suryoday Small Finance Bank to raise Rs 200 cr through share sale

SSFB, which started its banking operations in 2017, has large presence in three states including Maharashtra

Suryoday Small Finance Bank to raise Rs 2 bn capital from new investors

SSFB, which started its banking operations last year in January 2017, is backed by marquee investors like IFC and HDFC, among others