RBI Approves Remuneration Package for Suryoday Small Finance Bank Top Leadership

Key numbers

Market Cap	₹1,576.27 CrMicro Cap
PE TTM	8.22Sector PE 21.33
Net Profit TTM	₹191.87 Cr32.2% Annual Growth
Day RSI	48.18Neutral Zone

Key highlights

• RBI sanctioned executive pay under Section 35B of the Banking Regulation Act, 1949
• Approval applies to MD & CEO Baskar Babu Ramachandran and WTD Hemant Shah
• Package previously ratified by shareholders at the 18th AGM on August 06, 2026
• Covers Variable Pay for FY 2025-26 and Fixed Remuneration for FY 2026-27
• Bank reported 113.1% YoY growth in net profit for the June 2026 quarter

RBI Sanctions Senior Executive Compensation Structure

Suryoday Small Finance Bank Limited received formal notification from the Reserve Bank of India on October 14, 2026, regarding the remuneration of its senior executive team. Under the provisions of Section 35B of the Banking Regulation Act, 1949, the regulator has sanctioned the variable pay for the financial year 2025-26 and the fixed remuneration for the 2026-27 period. This approval applies to Mr.

Baskar Babu Ramachandran, the Managing Director & Chief Executive Officer, and Mr. Hemant Shah, the Whole-time Director. This regulatory clearance follows the initial endorsement provided by the bank's shareholders during the 18th Annual General Meeting held on August 06, 2026.

Operational Performance and Portfolio Growth

• Gross advances climbed to ₹14,972 crore as of September 30, 2026
• Management targets a balanced 50:50 split between microfinance and secured loans
• Operating revenue for the June 2026 quarter reached ₹622.36 crore
• Net profit for the same quarter surged 113.1% year-on-year to ₹75.18 crore
• The bank maintains an operating profit margin of 22.26% as of the latest quarter
• Institutional holding in the company stands at 10.82% as per latest filings

Regulatory Milestone Context

In the months leading up to this remuneration clearance, Suryoday Bank has secured several critical regulatory approvals. In May 2026, the RBI approved the re-appointment of Krishna Prasad Nair as the bank's Part-Time Chairman. Earlier, in December 2025, the regulator permitted 1729 Capital and its associates to acquire an aggregate stake of up to 9.99% in the lender.

These approvals coincide with the bank's expansion into new service areas, such as the launch of gold loan services in Maharashtra in January 2026 and a partnership for Credit Line on UPI facilities announced in late 2025.

What to watch next

• Board meeting on October 29, 2026, to approve unaudited financial results for Q2 FY27
• Progress toward the medium-term 50:50 portfolio mix between MFI and non-MFI loans
• Execution of provisional business update targets for the full 2026-27 fiscal year

Suryoday Small Finance Bank · financial snapshot

Share price	₹148.29
Market capitalisation	₹1,576.27 Cr
Revenue (annual)	₹2,160.30 Cr
Net profit (annual)	₹151.97 Cr
Revenue (latest quarter)	₹622.36 Cr+3.45% vs previous quarter
Net profit (latest quarter)	₹75.18 Cr+51.21% vs previous quarter
P/E (TTM)	8.22×Sector 21.33×
Promoter holding	22.48%0.00% QoQ
FII holding	5.35%Current quarter

Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.