Suryoday SFB Q1 profit more than doubles on strong loan growth

Suryoday Small Finance Bank reported Q1 profit more than doubling year-on-year, backed by strong loan growth. Operating profit rose 27 percent to Rs 139 crore, while net interest income grew 28 percent to Rs 316 crore. Gross advances expanded 33 percent YoY to Rs 14,376 crore, and GNPA ratio improved to 6.5 percent from 8.5 percent a year earlier.