Incorporated in 2008, Suryoday Small Finance Bank Ltd is a leading Small Finance Bank(SFB) in India. The company started offering SFB services in 2017. They serve customers in the unbanked and underbanked segments. Before SBF, the company operated as an NBFC. As of July 31, 2020, the company had 482 Banking Outlets and had a customer base of 14.3 lakh. The company operates predominantly in urban and semi-urban locations. As a bank,
Company Strengths:
Offer credit products like MFI loans, Vikas Loans, Shopkeeper Loans, etc.
Offer digital banking, NPCI payment systems, and mobile technologies along with banking through traditional channels.
Focus on the unserved and the underserved through innovative banking practices.
Offers diversified asset portfolio with a focus on retail operations.
Company Promoters:
The Promoters of our Bank are:
Baskar Babu Ramachandran;
P. Surendra Pai;
P. S. Jagdish; and
G. V. Alankara.
Objects of the Issue:
The Bank proposes to utilize the Net Proceeds from the Fresh Issue towards augmenting the Bank's Tier-1 capital base to meet the Bank's future capital requirements.
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