Suryoday Small Finance Bank Q1 results: Net profit rises 47% to Rs 70 cr

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Suryoday Small Finance Bank Q1 results: Net profit rises 47% to Rs 70 cr - Business Standard

Quick Summary:

Suryoday Small Finance Bank on Thursday reported a 47 per cent rise in net profit at Rs 70 crore in the first quarter ended June 2024 due to decline in bad loans.

Total income in the first quarter of the current fiscal rose to Rs 558 crore as against Rs 409 crore a year ago, Suryoday Small Finance Bank said in a regulatory filing.

The bank's net interest income (NII) grew by 30.5 per cent to Rs 293 crore in the first quarter of current financial year, it said.