Suryoday Small Finance Bank IPO date: Suryoday Small Finance Bank public issue is going to open on 17th March 2021 and the upcoming IPO will remain open for bidding till 19th March 2021. To fish out why one should bid for the small finance bank IPO, Zee Business Managing Editor Anil Singhvi spoke to MD & CEO of Suryoday Small Finance Bank, Baskar Babu Ramachandran. He told Anil Singhvi that the bank is in sound financial state and in the coming 3-5 years, they will be using the Rs 582 crore coming from the IPO for capital infusion purposes.

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When Anil Singhvi asked exactly how Suryoday Small Finance Bank would be using the money coming in from the IPO the MD & CEO said, "We will use the money coming in from the IPO to strengthen the capital adequacy of the bank. This will be useful for the company's expansion by adding more numbers in our clientele."

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On the asset quality of Suryoday Small Finance Bank, Baskar Babu Ramachandran told Anil Singhvi, "Our asset quality has been hit due to the pandemic and we are expecting this to improve as the unlock activities are in the accelerated mode."

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When Anil Singhvi raised the rising NPA (Non Performing Assets) of the bank to the tune of more than 9 per cent in current year, Ramachandran said, "These NPAs are due to the COVID-19 pandemic. As there is no intentional default in this NPA, we are confident of recovering the NPA in coming few quarters."

Suryoday Small Finance Bank IPO price band is Rs 303 to Rs 305.