Suryoday Small Finance Bank: accorded its prior approval to 1729 Capital and its associates to acquire ‘aggregate holding’ of up to 9.99% of the paid-up share capital

Suryoday Small Finance Bank: accorded its prior approval to 1729 Capital and its associates to acquire ‘aggregate holding’ of up to 9.99% of the paid-up share capital 


  • Intimation under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), as amended, we wish to inform that in continuation to our earlier intimation vide Letter No. SSFB/CS/81/2025-26 dated November 13, 2025, the Reserve Bank of India (“RBI”) has vide Letter dated December 10, 2025, accorded its prior approval to 1729 Capital and its associates (collectively referred to as ‘the applicant’) to acquire ‘aggregate holding’ of up to 9.99% of the paid-up share capital or voting rights in the Bank. 
  • The aforesaid approval accorded by the RBI is subject to compliance with the relevant provisions of the Banking Regulation Act, 1949, Reserve Bank of India (Small Finance Banks -Acquisition and Holding of Shares or Voting Rights) Directions, 2025 dated November 28, 2025 (as amended from time to time), provisions of the Foreign Exchange Management Act, 1999, provisions of the Regulations issued by the Securities and Exchange Board of India, and any other statutes, regulations, and guidelines, as applicable. 
  • The RBI, while granting the abovementioned approval has also conveyed that the applicant shall ensure that the ‘aggregate holding’ in the Bank does not exceed 9.99% of the paid-up share capital or voting rights of the Bank, at all times. Further, if the ‘aggregate holding’ of the applicant falls below 5% at any point of time, prior approval of the RBI will be required to increase it to 5% or more of the paid-up share capital or voting rights of the Bank. 

https://youtu.be/8zQpvLfO8TM?si=Edx-56h3N7nuHUs0


  • Suryoday Small Finance Bank:  Q1  PAT grew by 47.2% y-o-y
  • During this quarter, gross advances grew by 41.8% y-o-y and 4.5% q-o-q to Rs. 9,037 crores
  • Deposits grew by 42.2% y-o-y and 4.6% q-o-q to Rs. 8,137 crores. 
  • Asset quality has remained stable, with GNPA at 2.7% at the end of June 2024, down from 3.0% in June 2023 and 2.8% in March 2024. 
  • The bank has further increased PCR from 71.2% in March 2024 to 83.9% in June 2024. 
  • The NNPA stood at 0.4% at the end of June 2024, down from 1.6% in June 2023 and 0.8% in March 2024. 
  • Net Interest Income (NII) grew by 30.5% y-o-y and 8.3% q-o-q to Rs. 293.2 crores. 
  • Effectively managed operational efficiencies and are on track to achieve a favourable Cost to Income ratio of 57% to 58% by FY25. 
  • Cost to Income as of June 2024 stood at 60.3%. 
  • PreProvisioning Operating Profit (PPOP) grew by 23.2% y-o-y and 12.4% q-o-q to Rs. 144.3 crores
  • Profit After Tax (PAT) grew by 47.2% y-o-y and 15.1% q-o-q to Rs. 70.1 crores. 

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