Suryoday Bank reports 39% deposit growth, expects lower slippages

Suryoday Small Finance Bank reported gross advances of ₹10,846 crore, up 20% year-on-year, and deposits of ₹11,312 crore, up 39% for Q1 FY26. Retail deposits now constitute 82% of the total, driven by digital channels.

Current gross non-performing assets stood at 8.5% and net NPAs at 5.6% as of June 2025. The bank expects slippages to fall by ₹50-₹70 crore in Q2, with substantial improvement from the second quarter onwards.