Suryoday Small Finance Bank Ltd approves sale of Stressed Loan Portfolio

The Credit Committee of Board ("CCB", authorised and empowered for this purpose) of directors of Suryoday Small Finance Bank Limited today i.e. March 28, 2025, has approved the proposal for sale of Stressed Loan Portfolio (Financial Assets), amounting Rs. 80.59 Crores (Principal Outstanding value as on February 28, 2025) to Asset Reconstruction Company i.e. Edelweiss Asset Reconstruction Company Ltd. ("EARC") for a consideration of Rs. 31.43 Crores.

In accordance with the abovementioned Policy read with the RBI Master Direction, the total value of pool of assets considered for ARC transaction is Rs. 80.59 Crores (Principal Outstanding value as on February 28, 2025). The Bank has finalised the transaction by means of bilateral discussions.

The Bank carries an overall provision of ~61% on the above pool.

Shares of Suryoday Small Finance Bank Limited was last trading in BSE at Rs. 100.35 as compared to the previous close of Rs. 103.05. The total number of shares traded during the day was 115897 in over 1607 trades.

The stock hit an intraday high of Rs. 106.15 and intraday low of 99.95. The net turnover during the day was Rs. 11787317.00.

Source : Equity Bulls

Keywords

SuryodaySmallFinanceBank INE428Q01011 StressedLoanPortfolio Sale EdelweissARC