1. Opening Hook
Just when markets were busy arguing whether microfinance is dead or just pretending, Suryoday quietly walked in with a recovery arc straight out of a Netflix comeback series. Disbursements rebounded, NIM stopped sulking, and digital products suddenly discovered traction.
But before anyone screams “turnaround confirmed”, the fine print politely reminds us that NPAs are still partying above comfort levels. Management sounds confident, slides look cleaner, and guidance is ambitious enough to raise eyebrows.
Read on—because beneath the glossy digital deposits and UPI credit buzz, there’s a classic SFB story unfolding: high growth, improving efficiency, and asset quality that’s improving… just not fast enough to brag about it yet. Things get interesting after the numbers start talking.
2. At a Glance
- Advances up 24.3% YoY – Growth is back from exile, and it brought friends.
- Deposits up 32.5% YoY – CASA smiled, bulk deposits quietly stepped aside.
- Disbursements up 83.9% YoY – Inclusive finance woke up and chose violence.
- NIM at 7.3% – Lower than last year, but finally moving in the right direction.
- GNPA at 6.6% – Still high, but at least it’s not getting worse every quarter.
- RoA at 0.9% – Respectable, not yet aspirational.
3. Management’s Key Commentary
“Inclusive Finance disbursements have returned to normal levels.”
(Translation: The microfinance engine finally restarted after a long cough 😏)
“Vikas Loan now
