Suryoday Small Finance Bank is a new age bank that went live on
January 23rd 2017. Their endeavour is to bring the best banking
solutions to the ‘banked’, ‘under-banked’ and the ‘un-banked’
sections of the society. Their power packed solutions are designed
to offer the choicest of benefits to suit different financial needs.
As bank, they continue to offer their 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 they
currently don’t have a presence. In the past, as Suryoday Micro
Finance and now as Suryoday Small Finance Bank their journey from
Micro Finance to a Small Finance Bank took eight years. It 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).