What we do Suryoday Small Finance Bank Ltd offers microfinance and retail banking services with a strong focus on economically weaker sections, especially women, across India. |
Founded in 2,008 |
Market share Strong presence in 16 states with 710 branches, positioned as a leading small finance bank focusing on inclusive finance and secured lending. |
Problem solved Providing financial access to underserved and unserved segments, especially economically weaker women, enabling credit for micro, SME, and secured loans. |
Top clients or who we serve Primarily B2C serving economically disadvantaged women, MSMEs, retail customers, and NBFCs through 3.8 million customers. |
Key management Managing Director & CEO Mr. Baskar Babu Ramachandran, Executive Director Mr. Hemant Premchand Shah; leadership with extensive banking expertise. |
Our journey and innovations Incorporated in 2008 as microfinance entity; transitioned to small finance bank in 2017; expanded to 710 branches; launched innovative products like Micro Home Loan, Secured Credit Card, and digital offerings. |
Where we operate Operations across 16 states and Union Territories in India with widespread branch network including rural centers. |
Top products or what we offer Inclusive Finance loans (JLG, Vikas Loans), mortgage loans, commercial vehicle finance, micro, small & medium enterprise loans, secured business loans, and deposit products. |
Top brands Vikas Loan - 72% of Inclusive Finance portfolio, Double Joy Deposit (long-term recurring deposit with assured returns), Secured Credit Card, Digital FD, Credit line on UPI. |
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Raw materials supplier - |
Recurring vs cyclical contribution Revenue largely recurring from interest income on loans and deposits with steady asset growth and fee income from digital products. |
Our industry position Leading small finance bank with diversified portfolio and superior capital adequacy; growing deposit and advance base consistently. |
Financial highlights FY 2025 Revenue ~₹2171 crore, Net Profit ₹115 crore, Advances ₹9974 crore, Deposits ₹13290 crore, 26% balance sheet growth year-on-year. |
Geographical revenue split Revenue primarily from Indian domestic operations across major states like Maharashtra, Tamil Nadu, Odisha, Karnataka, etc. |
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Whats driving growth Expansion in Inclusive Finance and secured lending, product innovation, digital adoption, growing deposits, strong capital base, and government-backed credit guarantee schemes. |
Our future plans Focus on MSME lending growth, deeper penetration in secured assets, digital deposit scaling, and new credit products with enhanced risk management. |
Our green promise Committed to energy efficiency with LED lighting, mindful power consumption, and sustainable operational practices. |
Our people and values Over 8,700 employees fostering an inclusive culture with ongoing training and employee stock option schemes for motivation. |
Key challenges ahead Managing asset quality especially in microfinance, navigating regulatory expectations, and sustaining growth amid competitive banking environment. |
Interesting facts Rated A1+ credit rating; launched innovative 'Double Joy Deposit' product doubling savings after 22 years; strong CGFMU coverage on unsecured loans. |
Risks and strategy Focus on credit risk mitigation via Credit Guarantee schemes, digital underwriting, and maintained high capital adequacy ratio (25.8%) to absorb shocks. |
