Suryoday Small Finance Bank - IPO Review: ICICI Direct
A customer counts Indian one-hundred rupee banknotes in India. (Photographer: Dhiraj Singh/Bloomberg)

Suryoday Small Finance Bank - IPO Review: ICICI Direct

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

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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ICICI Direct Suryoday Small Finance Bank IPO Review.pdf

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