Suryoday

About

Suryoday received in-principle Small Finance Bank license from RBI in September, 2015. The Company plans to start banking operations by November 2016. Suryoday is amongst the largest & fastest growing Micro Finance Institutions in western India which is largely urban / semi-urban focussed. Founded in May 2009, the Company has demonstrated ability to achieve scale and profitable growth backed by a quality senior management team.

179

branches in 7 states

650k+

customers

Potential

With a scaled and profitable Micro Finance platform, Suryoday is well positioned for growth as a Small Finance Bank. The Company has demonstrated ability to penetrate underbanked regions and has an understanding of customer requirements. Distribution model providing door step delivery and last mile connectivity adopted by the Company ensures customer engagement, trust and convenience for new loan products as well as mobilization of retail deposits.

Insights

Transformation

From NBFC to SF Bank

News

August 10th, 2023

Suryoday Small Finance Bank Q1 results: Profit jumps six-fold to ₹47.6 crore

October 1st, 2020

Suryoday Small Finance Bank files IPO papers with Sebi

May 28th, 2020

Suryoday Small Finance Bank raises funding from Gaja Capital, others

April 3rd, 2019

Suryoday SFB raises ₹248 crore from DEG, Kotak Mahindra Life Insurance

"Since inception, Suryoday’s philosophy has been one of prudent and sustainable growth, customer focus and a culture of total compliance. As we transition into a Small Finance Bank, we will continue to build on these principles and seek to further deepen the engagement with our customers in a meaningful manner by expanding our product offerings to holistically meet their needs, deploying appropriate technology solutions to improve efficiencies and providing unmatched service levels and customer experience. We are focused on building a best-in-class financial services institution with the highest standards of corporate governance, customer experience and social responsibility."