Suryoday Small Finance Bank hits 10-month high on guarantee payout

Suryoday Small Finance Bank

01/10/2025 10:34

** Shares of Suryoday Small Finance Bank SURO.NS jump 14%  to 160 rupees, hitting their highest level since December 2024

** Lender gets payment of 3.14 billion Indian rupees  ($35.42 million) from National Credit Guarantee Trustee under the Credit Guarantee Fund for Micro Units (CGFMU) scheme.

** CGFMU is a Indian government-backed scheme that provides loan guarantee support for micro-enterprises

** Payout strengthens bank's financial position, improves liquidity

** More than 17 mln shares traded, 130 times their 30-day avg

** Including session's gains, stock up 12% in 2025

($1 = 88.6610 Indian rupees)

 (Reporting by Nishit Navin in Bengaluru)

 ((nishit.navin@thomsonreuters.com))