Disclosure under the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Submission of Business Responsibility and Sustainability Report for the Financial Year 2024- 25
SURYODAY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Suryoday Small Finance Bank has submitted its Business Responsibility and Sustainability Report (BRSR) for FY 2024-25 to the stock exchanges, as required under SEBI's Listing Regulations. The bank operates 710 branches across 15 states with a workforce of 8,817 employees (10.65% female) and reported turnover of about Rs 2,171 crore with a net worth of Rs 1,927 crore. Employee turnover improved to 61.5% from 68.2% the previous year, and the bank received 11,774 customer complaints in FY25, down from 13,773 in FY24. The report also discloses a minor Rs 20,000 penalty for not displaying a Marathi name board at its Mulund branch, while noting that all permanent employees are covered by health insurance, PF, and gratuity.
This is a routine annual compliance filing with no major red flags for shareholders. The improved employee retention rate, lower customer complaint volume, and disclosed minor penalty are neutral-to-positive signals, though the still-high overall attrition rate and absence of formal ESG targets reflect areas the bank still needs to develop.