Suryoday Small Finance Bank starts ops in Hyderabad


HYDERABAD, Apr 23: Maharashtra-based Suryoday

Small Finance Bank (SSFB) launched its operations here

Tuesday with the inauguration of its first branch.

MD and CEO of Suryoday Small Finance Bank, Baskar Babu

said, “the lender focuses on ensuring financial inclusion of

the un-banked and under-banked through innovative banking

practices and continues to expand its reach in states where it

currently does not have a presence.

We are happy to start our banking operations in Telangana

with our first bank branch in Hyderabad and we will offer one

of the most competitive interest rates on deposits to our

customers because of our robust business model with low

operating costs,” he said in a press release.

He further said the bank has completed two years of

operations as a Small Finance Bank and plans to continue

building a healthy book and generate wealth for our customers.