BUZZ-India's Suryoday Small Finance Bank surges on Q4 update

Reuters04-04

** Shares of Suryoday Small Finance Bank up 11.8%

** Stock rose as much as 13.8% to 190.9 rupees

** The bank said its Q4 gross advances grew 41% Y/Y, and total deposits rose 50% Y/Y

** Stock on track for a fourth consecutive session of gains, if trend holds

** SURO up 16.4% for the week, poised to snap five straight weekly losses

** More than 290,000 shares change hands by 10:30 a.m. IST, 3.1x the 30-day avg

** Including session's gain, stock is up 19.7% YTD

(Reporting by Navamya Ganesh Acharya in Bengaluru)

((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))

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