Suryoday Small Finance Bank Ltd.'s gross advances rose 42% year-on-year to Rs 9,037 crore in the quarter-ended June.
Deposits rose 42% to Rs 8,137 crore over a year ago, the bank said in its provisional quarterly business updates on Wednesday.
CASA ratio—the proportion of deposits that come from low-cost current and savings accounts—rose to 17.7% from 14.9% in the year-ago period. A higher CASA ratio indicates a lower cost of funds, since lenders don't usually give any interest on current account deposits and the interest on saving accounts is low.
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Deposit growth, the bank said, was led by total deposits while the acquisition of granular CASA was limited. This resulted in a lower CASA Ratio.
Disbursements in the first quarter rose 46% year-on-year to Rs 1,740 crore, it said. Gross non-performing assets fell marginally to 2.67% from 3% a year ago.
Shares of Suryoday Small Finance Bank closed 0.01% lower at Rs 189.94 apiece on Wednesday, as compared with a 0.67% advance in the NSE Nifty 50.
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