Suryoday Small Finance Bank - IPO Review: ICICI Direct
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ICICI Direct Report
Suryoday Small Finance Bank Ltd. is among the leading small finance banks in India and has been serving customers in the unbanked, underbanked segments.
The company started operations as an SFB in January 2017.
It has operations across 13 states and union territories. As of December 31, 2020, the customer base was 14.4 lakh.
Suryoday SFB operates via 554 banking outlets and has 4,770 employees.
The company has set up 661 customer service points as additional service or touch points and intends to continue to expand its reach through the CSP model.
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