Possess no pressing need to become a universal bank: CEO & MD of Suryoday SFB

According to Ramachandran, the lender will not consider becoming a universal bank for at least two years. If Suryoday Small Finance Bank (SFB)'s gross and net non-performing assets (NPA) stay below 3% and 1% in FY25, respectively, the bank will be qualified to be converted into a universal bank. In an interview with Manojit Saha in Mumbai, Suryoday SFB's MD and CEO, Baskar Babu Ramachandran, stated that the company will need to wait at least two years before considering becoming a universal bank. It provides a roadmap and clarification on what SFB must convert to.