{"id":116749,"date":"2024-01-04T15:00:43","date_gmt":"2024-01-04T09:30:43","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=116749"},"modified":"2024-01-04T16:10:12","modified_gmt":"2024-01-04T10:40:12","slug":"bank-stock-jumps-4-4-after-companys-casa-ratio-increases-by-81","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/bank-stock-jumps-4-4-after-companys-casa-ratio-increases-by-81\/","title":{"rendered":"Bank stock jumps 4.4% after company&#8217;s CASA ratio increases by 81% \u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1213408389\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>After the small-cap company released its third-quarter business update, its share price on Thursday increased by 4.4 percent to an intraday high of Rs 166.35 per share, from its previous close of Rs 159.3.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-872554867\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Suryoday Small Finance Bank Ltd, according to the filing, when the bank was compared year on year from Q3FY23 to Q3FY24.\u00a0<\/p><p>\u25cf Gross Advances increased by 41 percent from Rs 5,408 to Rs 7,600 crores. <\/p><p>\u25cf Disbursement increased 42 percent from Rs 1,265 to Rs 1,792 crores,\u00a0<\/p><div class=\"trade-content_5\" id=\"trade-320134183\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>\u25cf Total deposits increased 38 percent from Rs 4,697 to Rs 6,484 crores in which Retail deposits rose by 46 percent and Bulk deposits increased by 9 percent.&nbsp;<\/p><p>\u25cf Current Account and Savings Account (CASA) rose by 81 percent from Rs 662 crores to Rs 1,198 crores&nbsp;<\/p><p>Furthermore, according to their management commentary, the bank has demonstrated strong growth in all performance parameters, with disbursements on track to meet FY24 guidance.&nbsp;<\/p><p>In the third quarter of fiscal year 24, Vikas&#8217; loan book surpassed 2,000 crores. CASA percent has increased by approximately 280 basis points (approximately 200 crores). In Q3 FY24, the bank maintained its cost of funds while improving its net interest margins.&nbsp;<\/p><p>Looking at their financials, the net revenue increased by 33 percent year over year, from Rs 281 crore in Q2FY23 to Rs 375 crore in Q2FY24. In addition, the company&#8217;s net profit rose by 284 percent year over year, from Rs 13 crore in Q2FY23 to Rs 50 crore in Q2FY24.&nbsp;<\/p><p>The Small-cap share has a market capitalization of Rs 1,726 crores, the share price has risen 39 percent in the last year.&nbsp;<\/p><div class=\"trade-content-10\" id=\"trade-546951030\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The promoter owns 22.40 percent of the company, the general public owns 57.06 percent, foreign institutional investors own 2.16 percent, and domestic institutional investors own 18.38 percent.&nbsp;<\/p><p>Suryoday Small Finance Bank Ltd, founded in 2008, is a leading Small Finance Bank (SFB) in India. In 2017, the company began providing SFB services. They serve customers who are unbanked or underbanked. Before SBF, the company was an NBFC.\u00a0<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Sriram KV<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1618814317\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>After the small-cap company released its third-quarter business update, its share price on Thursday increased by 4.4 percent to an intraday high of Rs 166.35 per share, from its previous close of Rs 159.3.&nbsp; Suryoday Small Finance Bank Ltd, according to the filing, when the bank was compared year on year from Q3FY23 to Q3FY24.\u00a0 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":81071,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,13525],"tags":[],"class_list":["post-116749","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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