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Suryoday Small Finance Bank Ltd logo

Suryoday Small Finance Bank Ltd

NSE: SURYODAY BSE: 543279

₹132.08

(4.97%)

Tue, 10 Mar 2026, 02:41 am

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Company History

2008

  • Suryoday Micro Finance Private Limited was incorporated, founded and promoted by Baskar Babu Ramachandran, Ganesh Rao and V. L. Ramakrishnan

2009

  • The Bank received RBI license for establishing an NBFC and commenced microfinance operations
  • The Bank received investment from Aavishkaar Goodwell India Micro Finance Development Company Limited

2012

  • The Bank received investments from HDFC Holdings Limited and HDFC Standard Life Insurance Company Limited

2013

  • The Bank received investment from Lok Capital II LLC

2014

  • The Bank received investment from IFC
  • The Bank received listing permission from BSE in wholesale debt segment to issue debt securities

2015

  • The Bank became a public limited company in June 2015
  • The Bank had 159 branches and 0.49 million customers as on March 31, 2015
  • The Bank received in-principle approval from RBI to establish an SFB
  • The Bank received investment from DWM (International) Mauritius Ltd

2016

  • The Bank received rating of ?[ICRA] A (-)? for non-convertible debenture programmes from ICRA
  • The Bank received RBI final Approval to commence its SFB operations
  • The Bank received investments from IDFC FIRST Bank Limited, Polaris Banyan Holding Private Limited, ASK Pravi Capital Advisors Private Limited, Dr. Aravind Srinivasan and Kiran Vyapar Limited

2017

  • The Bank commenced operations as an SFB in January 2017
  • The Bank was included in the second schedule to the RBI Act
  • The Bank received investments from Evolvence India Fund II Ltd, ResponsAbility Participations Mauritius, Jhelum Investment Fund I, Gaja Capital Fund II Limited, TVS Shriram Growth Fund, and New Tech Investments Limited

2018

  • The Bank initiated a new cluster of retail assets to provide finance for commercial vehicles, housing, MSME and loan against property
  • The Bank received rating of ?[ICRA]A1? for certificate of deposit programme from ICRA

2019

  • The Bank received investments from DEG
  • The Bank received long-term rating of ?[ICRA] A? from ICRA and short-term rating of ?A1+? from CRISIL and short-term rating ?[ICRA] A1+? from ICRA

2020

  • The Bank had a gross loan portfolio of ? 37,108.42 million with 477 branches and ~ 1.46 million customers as on March 31, 2020
  • The Bank received investments from Kotak Mahindra Life Insurance Company Limited and Teachers Insurance and Annuity Association of America

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Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800