India's Suryoday Small Finance Bank up on stressed loan portfolio transfer approval

Suryoday Small Finance Bank

26/12/2022 05:14

** Shares of Suryoday Small Finance Bank Ltd  SURO.NS  rise
as much as 6.4% to 106.2 rupees, their biggest intraday pct gain
since Dec. 14
    ** SURO on Friday said the board approved transfer of
stressed loan portfolio of 4.92 billion rupees ($59.41 million)
to Asset Reconstruction Company for 1.35 billion rupees
    ** About 316,387 shares change hands by 10:30 a.m. IST vs
30-day avg of 794,783 shares 
    ** Stock down 31.5% so far this year, as of last close vs
Nifty PSU Bank Index's  .NIFTYPSU  53.7% rise
($1 = 82.8200 Indian rupees)
 (Reporting by Priya Sagar in Bengaluru)
 ((Priya.Sagar@thomsonreuters.com;))