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.