Suryoday Small Finance Bank Limited operates as a personal and business banking partner for customers across India. The company offers saving accounts, current accounts, fixed deposits, and recurring deposits. The company's customer base is primarily comprised of the microfinance segment and includes customers engaged in sectors such as MSME/SME, Agriculture, and Allied Activities.
Loans
The company provides microfinance loans designed to cater to unserved and underserved communities. These lo...
Suryoday Small Finance Bank Limited operates as a personal and business banking partner for customers across India. The company offers saving accounts, current accounts, fixed deposits, and recurring deposits. The company's customer base is primarily comprised of the microfinance segment and includes customers engaged in sectors such as MSME/SME, Agriculture, and Allied Activities.
Loans
The company provides microfinance loans designed to cater to unserved and underserved communities. These loans aim to empower individuals and small businesses by providing them with the necessary financial resources to improve their livelihoods. The company offers affordable housing loans that enable individuals to purchase homes. The company also provides commercial vehicle loans for acquiring commercial vehicles. The company's loan mix comprises inclusive finance, retail assets, and financial intermediary groups. This diversified loan portfolio allows the company to cater to a wide range of customer needs and mitigate risks associated with lending.
Investment Portfolio
The company manages a diversified investment portfolio that includes government securities, corporate bonds, and other approved securities. Other approved securities may include certificates of deposit, commercial paper, and other money market instruments. Government securities include Treasury Bills, Government of India Bonds, and State Development Loans.
Regulation
The company complies with the provisions of the Companies Act, 2013, and the rules made thereunder. This includes adherence to corporate governance norms, financial reporting standards, and other statutory requirements. As a banking institution, the company adheres to the Banking Regulation Act, 1949, which governs the operations of banking companies in India. The company follows various guidelines and directions issued by the RBI, applicable to Small Finance Banks. The company complies with SEBI regulations, including the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and other applicable SEBI guidelines. The company adheres to FEMA regulations concerning Foreign Direct Investment (FDI), Overseas Direct Investment (ODI), and External Commercial Borrowings (ECB).
History
Suryoday Small Finance Bank Limited was incorporated in India in 2008. The company was founded in 2008.