Suryoday Small Finance Bank Ltd. - Quarterly/Annual Result Disclosures and Notes dated 30 Jun 2023

* Figures for the respective quarter ended are not annualized.
1. Net worth is computed as per RBI Master Circular No. RBI/2015-16/70 DBR.No.Dir.BC.12 /13.03.00/2015-16 on Exposure Norms dated July 01, 2015.
2. Debt represents total borrowings.
3. Equity represents total of share capital and reserves.
4. Total debt represent total borrowings of the Bank.

Notes :

1. The above financial results have been reviewed by the Audit Committee of the Board and approved by the Board of Directors at its meeting held on August 10, 2023. The financial results for the quarter June 30, 2023 have been subjected to Limited Review by the statutory auditors of the Bank, Walker Chandiok & Co. LLP. An unmodified review report has been issued by them thereon.

2. The above financial results of the Bank have been prepared in accordance with the recognition and measurement principles laid down in the applicable Accounting Standards as prescribed under section 133 of the Companies Act, 2013 read with the Companies (Accounting Standards) Rules, 2021, the relevant provisions of the Banking Regulation Act,1949, the circulars, guidelines and directions issued by the Reserve Bank of India and other accounting principles generally accepted in India, including Regulation 33 and Regulation 52 read with Regulation 63 (2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

3. Details of loans transferred/acquired during the quarter ended June 30, 2023 under the RBI Master Direction on Transfer of Loan Exposures dated September 24, 2021 are given below :
i) During the quarter ended June 30, 2023, the bank has not transferred/acquired any loans not in default through assignment of loans.
ii) During the quarter ended June 30, 2023, the bank has not transferred/acquired any stressed loans (Non-performing asset and Special Mention Account)

4. Other income include processing fees, income on dealing in priority sector lending certificate, profit on sale of
investments (net) (including provision for depreciation), etc.

5. The Capital adequacy ratio (CRAR) has been computed as per operating guidelines for Small Finance Banks in
accordance with RBI Circular No. RBI/2016-17/81 DBR.NBD.No. 26/16.13.218/2016-17 dated October 06, 2016.

The Bank has followed Basel II standardized approach for credit risk in accordance with the operating guidelines issued by the Reserve Bank of India for Small Finance Banks. Further, the RBI vide its circular No. DBR.NBD.No.
4502/16.13.218/2017-18 dated November 08, 2017 has provided an exemption to all Small Finance Banks whereby no separate capital charge is prescribed for market risk and operational risk.

6. The Bank carries floating provision of Rs.1,784 lakhs as on June 30, 2023 ( March 31, 2023 : Rs.1,784 lakhs)

7. The figures of the last quarter of the financial year are the balancing figures between audited figures in respect of the full financial year and the unaudited published year to date figures upto the end of the third quarter.

8. Figures of the previous periods have been regrouped / reclassified wherever necessary to conform to current period's classification.