Suryoday Small Finance Bank Ltd

Suryoday - ‘Sunrise’ in Sanskrit, signifies a new dawn, a new beginning and this encompasses our strong commitment to financial inclusion. In the past, as Suryoday Micro Finance and now as Suryoday Small Finance Bank.

Suryoday journey from Micro Finance to a Small Finance Bank took just eight years. Today over a million ‘smiling customers’ stand testimony to our belief that ‘no matter what, dreams, when enabled will transform mankind and create a whole new world around’.

Suryoday is among the 10 companies and the only one from Maharashtra to obtain a ’Small Finance Bank’ licence from the Reserve Bank of India (RBI). Our net worth as of March 2017 is Rs. 505 Crore (provisional) with an Asset Book size of Rs. 964 Crore,

SuryodayCapital Adequacy ratio of 53%. and credit ratings A- / A1 by CARE as on date gives credence to our prudent and professional financial management practices.

Suryoday Small Finance Bank Ltd. – A “small” step in banking but a “big” leap for social inclusiveness.
Suryoday Small Finance Bank is a new age bank that went live on January 23rd 2017. Our endeavor is to bring the best banking solutions to the ‘banked’, ‘under-banked’ and the ‘un-banked’ sections of the society. Our power packed solutions are designed to offer the choicest of benefits to suit different financial needs. As always, our focus will continue to be on ensuring the best in class ‘Customer Experience’.
As a bank, we will

• Continue to offer our existing credit products suite of MFI loans, Vikas Loans, Shopkeeper Loans etc. to new and current customers.
• Offer digital banking as the key account differentiator to customers using the extensive seeding of Aadhar biometric identification system, NPCI’s payment systems and mobile technologies whilst continuing to explore banking through traditional channels.
• Focus on the unserved and the underserved through innovative banking practices and continue to expand reach in states where we currently don’t have a presence