Suryoday Small Finance Bank Limited is an Indian small finance bank headquartered in Navi Mumbai, Maharashtra.
History Suryoday was incorporated on 10 November 2008 as Suryoday Micro Finance Private Limited. The company initially operated as a microfinance institution. It subsequently became a public limited company in 2015 and changed its name to Suryoday Micro Finance Limited.
In September 2015, Suryoday received in-principle approval from the Reserve Bank of India to establish a small finance bank. The RBI subsequently granted the final approval for its conversion into a small finance bank in 2016. The bank commenced operations as a small finance bank on 23 January 2017.
Listing Suryoday Small Finance Bank became a publicly listed company in March 2021. Its equity shares were listed on the National Stock Exchange of India and BSE Limited on 26 March 2021. The public issue raised approximately , including approximately of primary capital.
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