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Suryoday small finance bank to open 90 branches in the country

In the past ten months, it has set up branches in Mumbai, Pune, Ahmedabad, Indore , Chennai, Tirchy, Coimbatore and Puducherry

Suryoday Small Finance Bank

Nirmalya Behera  |  Bhubaneswar 

Navi Mumbai-based Suryoday Small Finance Bank plans to open 90 branches in different parts of the country for providing banking services. Suryoday Small Finance Bank Limited commenced its operations as a small finance bank from January 23, 2017.

The Reserve Bank had issued a licence to the bank under Section 22 (1) of the Banking Regulation Act, 1949 to carry on the business of small finance bank in India. It was one of the 10 applicants which were issued in-principle approval for setting up a small finance bank. "Out of 90 branches, we have so far opened 19. By the ...

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First Published: Tue, November 14 2017. 21:09 IST