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
Baskar Babu Ramachandran is the Managing Director and Chief Executive Officer of our Bank. He has several years of experience in the banking and finance sector. Prior to co-founding Suryoday Micro Finance Private Limited, he was associated with various companies including GE Capital Transportation Financial Services Limited as
the vice-president - quality and operations and HDFC Bank Limited as assistant vice president. He holds a bachelor’s degree in mechanical engineering from the University of Madras and a master’s degree in business administration from the Pondicherry University. He has participated in the management development programme for strategic management for corporate leadership conducted by Indian Institute of Management, Calcutta.
He has several years of experience in banking and finance. Previously, he was associated with Wipro Limited (Consumer Care and Lighting) as the vice-chairman and executive officer and the Murugappa Corporate Board (advisory board) as the executive chairman. He holds a bachelor’s degree in electrical engineering from University of Mysore and a post graduate diploma in industrial engineering from the Indian Institute of Technology, Madras.
He has several years of experience in electrical engineering industry. Previously, he was associated with Indian Transformer Manufacturers Associations as one of the founders and headed the organisation and Indo Tech Transformers Limited as executive director. He holds a bachelor’s degree in engineering (industrial production) from Manipal Institute of Technology, Manipal.
He has several years of experience in financial services. He is currently associated with Old Bridge Capital Management Private Limited as a Director. He holds a master’s degree in business administration from the University of Cochin.
Ramachandran Rajaraman is the Part-time Chairperson and Independent Director of our Bank. He holds a bachelor’s degree in science from the University of Madras, master’s degree in science from the University of Madras and a post graduate diploma in financial management from the University of Madras. He has over 38 years of experience in commercial banking and finance. He has served as a part time
non-official director of Deposit Insurance and Credit Guarantee Corporation and a member of the Advisory Board on Banks, Commercial and Financial Frauds of Central Vigilance Commission. Previously, he was associated with Small Industries Development Bank of India as a director, Andhra Bank as its chairperson and managing director, Syndicate Bank as an executive director and Indian Bank as a general manager.
Mrutunjay Sahoo is an Independent Director of our Bank. He is a retired Indian Administrative Services officer and has several years of experience in public administration. Previously, he was a special chief secretary to the Government of Andhra Pradesh and has been associated with several Maharatna and Miniratna public sector undertakings as a nominee director of the Government of India for Maharatna companies and non-official independent director of Government of India for a Miniratna company. He has been principal secretary to government of Andhra Pradesh (energy department) and associated with Transmission Corporation of Andhra Pradesh Limited, Andhra Pradesh Power Finance Corporation Limited and The Singareni Collieries Company Limited.
Jyotin Kantilal Mehta is an Independent Director of our Bank. He holds a bachelor’s degree in commerce from the University of Mumbai and obtained first class with honours, is a fellow member of the Institute of Chartered Accountants of India and obtained third rank in the final examination, a fellow member of the Institute of Company Secretaries of India and a fellow member of the Institute of Cost and Works Accountants of India. He has over 35 years of experience in corporate laws. Previously, he was associated with ICICI Bank Limited as a general manager and company secretary, 3i Infotech Limited as senior general manager, Voltas Limited as the chief internal auditor, Bharat Shell Limited as the vice-president of finance and company secretary, and NOCIL Limited as the head of project finance.
Meena Hemchandra is an Independent Director of our Bank. She holds a master’s degree in arts from Madurai Kamaraj University. She is a certified associate of the Indian Institute of Bankers and is a Chartered Financial Analyst from the Council of the Chartered Financial Analysts, Hyderabad, India. She has undertaken the
RMA-Wharton Advanced Risk Management Program. She is a career central banker who retired as Executive Director from Reserve Bank of India in November 2017, after serving the organization for over 35 years.
John Arunkumar Diaz is an Independent Director of our Bank. He holds a bachelor’s degree in science (mathematics) from University of Madras and a post graduate diploma in business management from Xavier Labour Relations Institute, Jamshedpur. He has over 28 years of experience in multi-national banks based in India and overseas, as he was head of change and programme management in Standard Chartered Bank and was also designated credit professional by the Standard Chartered Bank. Additionally, he has over 18 years of experience as a consultant in banking services for several international institutions, including in Indonesia, Thailand and Mauritius by way of his previous association with Quest OntheFRONTIER Pte. Limited, iCube Consortium Pte Limited and Bain & Company SE Asia Inc., as consultant and his assistance to our Bank and Equitas Finance Private Limited (now known as, Equitas Small Finance Bank Limited), two microfinance companies in their transitions to small finance banks. Further, he has also been on the boards of companies in the venture capital, horticulture and agriculture sectors, an automated teller machine manufacturer and in two companies in the primary and secondary healthcare sector which he had promoted.
Venkatesh Natarajan is an Investor Director of our Bank. He holds a bachelor’s degree in electronics and instrumentation engineering from Annamalai University, a master’s degree in engineering from Arizona State University and a master’s degree in business administration from Cornell University. He has several years of experience in venture capital and private equity in India and has been involved as an early investor in the microfinance sector in India. He has also worked with companies in healthcare, agriculture and financial inclusion sectors. He also co-founded and is currently the partner at Lok Advisory Services Private Limited.
Ranjit Shah is an Investor Director of our Bank. He holds a bachelor’s degree in electrical engineering from Indian Institute of Technology, Bombay and a master’s degree in business administration from the University of Michigan. He has several years of experience in sectors including private equity and financial services. Previously, he has been investor and entrepreneur. He also co-founded and is currently a managing partner at Gaja Capital.
Aleem Remtula is an Investor Director of our Bank. He holds a bachelor’s degree titled ‘baccalaurei cum laude in oeconomia’ from Princeton University and a master’s degree in business administration from Harvard Business School. He has several years of experience in venture capital and private-equity funds globally. Having started his career with JP Morgan Chase & Co, he is currently associated with DWM Asset Management LLC as a partner of the firm’s private equity business line.
Baskar Babu Ramachandran is the Managing Director and Chief Executive Officer of our Bank. He has several years of experience in the banking and finance sector. Prior to co-founding Suryoday Micro Finance Private Limited, he was associated with various companies including GE Capital Transportation Financial Services Limited as
the
vice-president - quality and operations and HDFC Bank Limited as assistant vice president. He holds a bachelor’s degree in mechanical engineering from the University of Madras and a master’s degree in business administration from the Pondicherry University. He has participated in the management development programme for strategic management for corporate leadership conducted by Indian Institute of Management, Calcutta.
IDFC First Bank and Kotak Mahindra Life Insurance Company Limited is also Investors.
IDFC First Bank and Kotak Mahindra Life Insurance Company Limited is also Investors.
Contact | |
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For Institutional Investors | inv.relations@suryodaybank.com |
For Other Shareholders | shr.relations@suryodaybank.com |
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.
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.
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.
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.
Seven 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 22% 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.
Financial literacy is a key step toward achieving full financial inclusion. Our financial literacy programs aim to educate women from low-income households improve their ability to manage their personal and household finances and empowers them to become informed consumers of financial services. The financial literacy programs cover financial planning, cash flow and budgeting, savings, debt, insurance, investment and banking. We have adequately captured the recent developments in the payment space in the country through our digital financial literacy modules. The training programs are adapted keeping the audience in mind and are delivered in vernacular languages.
In FY 20, 6300 plus programs were conducted covering 118000 plus beneficiaries on various aspects of financial literacy.
Apart from Financial Literacy Programs, the bank’s CSR teams also focusses on preventive health camps. The CSR team conducted 330 plus health camps and more than 93000 community members benefitted from these camps in FY 20. Health camps covers preliminary health screening, eye checks, dental checks and mammograms. Health Awareness and healthy literacy programs are also undertaken very regularly with communities.
One of the initiatives with local communities on environmental protection is planting of tree saplings. Younger members of the communities are encouraged to participate in such activities. In FY 20 year close to 12000 plus saplings were planted.
These programs endeavor to address all segments of the society and are aimed at important social messages. Special programs are conducted eg Financial Literacy Week – an initiative by RBI, Children’s day, Women’s Day, World Environment day, Global Handwashing day etc al along with members of community. In FY 20, around 30000 was the outreach on these programs.
Bank’s CSR has actively responded to the Covid-19 pandemic. Some of the initiatives include: