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Suryoday Small Finance Bank – The beginning of a new era in ‘Inclusive Banking’


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.


Our 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’.


We are among the 10 companies and the only one from Maharashtra to obtain a ’Small Finance Bank’ licence from the Reserve Bank of India (RBI).

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 endeavour 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

Our Promoters

Mr. R Baskar Babu
MD & CEO of Suryoday Small Finance Bank Ltd.
Over 20 years of experience with Cholamandalam, HDFC Bank, GE Capital in leadership roles.
Mr. P Surendra Pai
Retired in 2002 as a Vice Chairman of Wipro Ltd.
Executive Chairman of Murugappa Group till 2006.
Independent Director of Federal Bank till 2010.
Mr. P S Jagdish
Director Emmjay Financial Ventures Pvt Ltd.
Promoter of Indo Tech Transformers Ltd.
Former President of Indian Transformer Manufacturers Associations.
Mr. G V Alankara
Director & Compliance Officer Old Bridge Capital Management.
Ex-Fund ManagerCanara Bank Mutual Funds.
Ex-Head of Dealing - SSKI Securities Ltd.

Board of directors

Dr. Mrs. Sheela Bhide
Chairperson
Served as IAS officer in Govt of India for 36 years across - Ministry of External Affairs, Ministry of Defense & Ministry of Corporate Affairs.
Ex-Chairman and Managing Director, ITPO
Mr. R Baskar Babu
MD & CEO
MD & CEO of Suryoday Small Finance Bank Ltd.
Over 20 years of experience with Cholamandalam, HDFC Bank, GE Capital in leadership roles.
Mr. R. Ramachandran
Independent Director
Currently Independent Director with the Gati group.
Ex-Chairman & Managing Director - Andhra Bank.
Ex-Executive Director - Syndicate Bank.
Mr. Mrutyunjay Sahoo
Independent Director
Ex-Special Chief Secretary to the Government of Andhra Pradesh.
Ex-Director as government nominee in Navratna and Miniratna PSUs.
Mr. Jyotin Mehta
Independent Director
Ex-GM and Company Secretary of ICICI Bank Ltd.
Ex- Chief Internal Auditor of Voltas Ltd. Currently Director with ICICI Prudential Trust, Monnet Ispat & Energy and some companies of the ASK group.
Ms. Meena Hemchandra
Independent Director
Retired Executive Director of Reserve Bank of India having over 35 years of experience spread over various departments. Has been CGM-in-charge of the Mumbai Region of the Department of Supervision, RBI , has chaired the ‘Standing Committee on Cyber Security in Banks’ and overseen the issue of cyber security guidelines from the RBI. An MA (Economics), CAIIB and CFA by qualification, she has academic and Board- level experience having been on the Board of several Bank Boards.
Mr. Venkatesh Natarajan
Nominee Director
14+ years of experience in product development and venture capital at Intel.
Led several equity deals in design software, computing and wireless technology
Operational consultant to various MFIs in India.
Mr. Ranjt Shah
Nominee Director
Over 36 years of varied experience, including thirteen years as a private equity investor.
Managing Partner and Co-Founder of Gaja Capital leading investments in the consumer, financial services and infrastructure ancillary sectors.
Mr. Aleem Remtula
Nominee Director
Has over 15 years of experience in impact investing with socially-responsible, venture capital and private equity funds in the U.S. and Europe and is a Economics graduate from Princeton University and also an MBA from Harvard Business School. He is currently Managing Director at Developing World Markets, a U.S.-based impact investment manager and manages the firm’s private equity investments across Asia, the Caucasus, and East and South Africa. Aleem also serves on the board of the Aga Khan Foundation, USA and consults on financial access strategies and products for the poor and ultra-poor across multiple countries.

Investors

Institutional Investors

HDFC
HDFC
HDFC

Development / Impact Funds

HDFC
HDFC
HDFC
HDFC

Private Equity

HDFC
HDFC
HDFC
HDFC
HDFC

IDFC First Bank and Kotak Mahindra Life Insurance Company Limited is also Investors.

Contact Details

Contact Email
For Institutional Investors inv.relations@suryodaybank.com
For Other Shareholders shr.relations@suryodaybank.com

Ratings

Agency Category Rating
ICRA NCD/Sub-Debt A(Stable)
ICRA CD Rating A1+
CRISIL CD Rating A1+

Milestones

Our Bank Branch Network

Corporate & Registered office
Suryoday Small Finance Bank Limited

1101, Sharda Terraces,
Plot 65, Sector 11, CBD Belapur,
Navi Mumbai- 400 614
Email: info@suryodaybank.com

Branch timings
Monday to Saturday:
9:30am to 4:00pm.
2nd and 4th Saturday: Holiday.

To view our Micro Finance Branch Network Please Click Here

Work With Us

Suryoday Small Finance Bank (Suryoday SFB), offers exciting career opportunities. Everyone who works at Suryoday shares a commitment to helping the customers we serve. Our values and operating principles drive our business decisions, guide our activities and focus our resources. learn Suryoday SFB welcomes those who feel excited to be part of our journey as customer friendly bank & welcomes those who can commit to the goal of uplifting lives of its customer by offering a right product. And during this journey we help you to achieve your own career goals.

We Offer
01 Ample opportunities to challenge your mind.
02 Sound rewards & recognition
03 Opportunities to enhance your skills and leadership traits
04 An open and friendly work environment

The Suryoday Way

Suryoday A Bank of Smlies – We aim to be a reason for our customer’s smiles

Customers are at the heart of our business. By using our skills, resources and people effectively we believe we can deliver superior experience for our customers.

We will create the best customer experience by continuing to rebuild trust with our customers, providing a reliable, consistent and convenient service. We will transform our digital capability, providing customers with simpler, seamless interactions across online, mobile and bank branches and improving the efficiency of products and services.

Corporate Social Responsibility

In 2013, the government of India passed Section 135, mandating companies with a certain turnover to spend 2% of their average profit for the past three years on corporate social responsibility (CSR). Driving the passage of the law was the intent to have the country’s businesses actively participate in the social development of the country.

Five years have passed since the law came into effect and CSR has emerged as an active participant in shaping India’s development history: while India surges forward economically on one hand, it also confronts developmental challenges that affect the length and breadth of the country. For a country of 1.3 billion, out of which approximately 23% live below the poverty line, urgency marks the need.

Suryoday Small Finance Bank has been at the helm of financial inclusion since 2008. As a microfinance institution in it’s earlier avatar, it was able to create an outreach of over 7 lakh micro borrowers. As a responsible lender, it has always deemed financial literacy important. The bank’s Corporate social responsibility (CSR) initiatives are focused on financial literacy initiatives. Over a period of time the programs have been strengthened to keep pace with central government initiatives such as Jan Dhan, Aadhaar and Mobile (JAM) framework and digital financial literacy drives.

Some of the areas which our Social Initiative Team is involved in include :
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