News

Blostem and Suryoday Small Finance Bank (SSFB) Join hands to Revolutionise Digital Fixed Deposits Blostem, a cutting edge banking infrastructure platform, has partnered with Suryoday Small Finance Bank (SSFB), a pioneering digital bank, to revolutionise customer experience. This collaboration enables SSFB to leverage Blostem's expertise in rapid product development and deployment, introducing innovative digital fixed deposit solutions and streamlining customer onboarding to just one day. This partnership is a testament to the SSFB's commitment to digital innovation and growth...
Blostem and Suryoday Small Finance Bank (SSFB) Join hands to Revolutionise Digital Fixed Deposits
Blostem and Suryoday Small Finance Bank (SSFB) Join hands to Revolutionise Digital Fixed Deposits
Source: PR Agency
2024-09-10 12:01:52 pm
Suryoday Small Finance Bank (SSFB) ties up with Tarrakki to offer digital fixed deposits New-age fintech platform Tarrakki has partnered with Suryoday Small Finance Bank to develop and offer digital fixed deposits. Through this partnership, Tarrakki will help develop tech products that outperforms legacy systems enabling SSFB to efficiently onboard new customers and offer digital fixed deposit products This collaboration will be in the form of Software Development Kits (SDKs) and white-labelled offerings. Suryoday Small Finance Bank is one of the leading new-age digital banks in ...
Suryoday Small Finance Bank (SSFB) ties up with Tarrakki to offer digital fixed deposits
Suryoday Small Finance Bank (SSFB) ties up with Tarrakki to offer digital fixed deposits
Source: PR Agency
2024-09-02 03:06:47 pm
Suryoday Reports Robust Q1FY25 Results  “The bank has delivered a steady performance for the first quarter of FY25, driven by growth in advances and deposits, and stable asset quality. This performance is in line with the guidance provided by the bank for FY25. During this quarter, our gross advances grew by 41.8% y-o-y and 4.5% q-o-q to Rs. 9,037 crores, and deposits grew by 42.2% y-o-y and 4.6% q-o-q to Rs. 8,137 crores. The bank’s disbursements stood at Rs. 1,740 crores with growth across all segments. The...
Suryoday Reports Robust Q1FY25 Results
Suryoday Reports Robust Q1FY25 Results
Source: PR Agency
2024-08-02 12:46:20 pm
Suryoday Small Finance Bank (SSFB) launches Four New branches in the NCR Region SSFB PAN India branch network now stands at 675+ branches Suryoday Small Finance Bank (SSFB), one of the leading new-age digital banks in India, announced the expansion of its presence in the Delhi-NCR region with the launch of four new branches. The four new branches are in Rajouri Garden, Preet Vihar, Janakpuri, and Gurgaon Sector 14. With these branches, SSFB now has 60 employees across six different locations in the Delhi-NCR Region. This expansion strengthens SSFB's footprint in the country's capital, a region which contributes signi...
Suryoday Small Finance Bank (SSFB) launches Four New branches in the NCR Region SSFB PAN India branch network now stands at 675+ branches
Suryoday Small Finance Bank (SSFB) launches Four New branches in the NCR Region SSFB PAN India branch network now stands at 675+ branches
Source: PR Agency
2024-07-31 02:27:33 pm
Suryoday Small Finance Bank becomes the first in the SFB category to introduce an all-exclusive Women managed branches – Suryoday Roshni Suryoday Small Finance Bank (SSFB), one of the leading new-age digital banks in India, announced the launch of its all-exclusive women-managed branches— Suryoday Roshni. The very first in the SFB category, it's an all-exclusive, women-managed branches, launched to fulfill the financial needs of microfinance customers. The initial launch includes 6 Inclusive Finance branches, which are designed specifically to cater to the unique financial needs of women customers. Becoming&n...
Suryoday Small Finance Bank becomes the first in the SFB category to introduce an all-exclusive Women managed branches – Suryoday Roshni
Suryoday Small Finance Bank becomes the first in the SFB category to introduce an all-exclusive Women managed branches – Suryoday Roshni
Source: PR Agency
2024-07-20 12:26:46 pm
Suryoday Small Finance Bank surges on reporting 56% rise in Q4 net profit Suryoday Small Finance Bank is currently trading at Rs. 208.00, up by 5.55 points or 2.74% from its previous closing of Rs. 202.45 on the BSE. The scrip opened at Rs. 210.25 and has touched a high and low of Rs. 214.50 and Rs. 204.55 respectively. So far 110533 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 219.55 on 03-May-2024 and a 52 week low of Rs. 112.30 on 10-May-2023. Last one week high and low of the ...
Suryoday Small Finance Bank surges on reporting 56% rise in Q4 net profit
Suryoday Small Finance Bank surges on reporting 56% rise in Q4 net profit
Source: Accord Fintech
2024-05-10 12:44:58 pm
Suryoday Small Finance Bank Strengthens Its Leadership Team with the Appointment of Mr. Hemant Shah as Whole-time Director, designated as Executive Director Suryoday Small Finance Bank (SSFB), one of the leading new-age digital bank in India, announced the appointment of Mr. Hemant Shah as Whole-time Director, designated as Executive Director and Key Managerial Personnel of the Bank. Hemant Shah brings over 35 years of distinguished experience in the banking and financial services industry, the last 28 years of which were spent at Kotak Bank. He is a seasoned professional with strong understanding of Banking and Finance. He has held leadership...
Suryoday Small Finance Bank Strengthens Its Leadership Team with the Appointment of Mr. Hemant Shah as Whole-time Director, designated as Executive Director
Suryoday Small Finance Bank Strengthens Its Leadership Team with the Appointment of Mr. Hemant Shah as Whole-time Director, designated as Executive Director
Source: PR Agency
2024-04-05 03:07:12 pm
Suryoday Small Finance Bank Q4 FY 24 Pre Results Quarterly Update Key Business Highlights: Deposits and Advances: Management Commentary The Bank has witnessed robust growth in all performance parameters, both sequentially as well as on Y-on-Y basis. The disbursements in FY’24 stood at over ? 6,900 crores as compared to ? 5,083 crores in FY23 (Y-on-Y growth of 36%), on the back of a continued momentum in Vikas Loan as well as Retail Assets disbursements. The Bank is committed to building a stron...
Suryoday Small Finance Bank Q4 FY 24 Pre Results Quarterly Update
Suryoday Small Finance Bank Q4 FY 24 Pre Results Quarterly Update
Source: PR Agency
2024-04-04 11:51:13 am
Suryoday Small Finance Bank signs MoU with Magma HDI General Insurance for Health Insurance offering Suryoday Small Finance Bank, one of the fastest-growing small finance banks in India and Magma HDI General Insurance Company, a prominent player in India’s general insurance sector , have entered into a Corporate Agency Agreement to offer health insurance to Suryoday Bank’s Commercial Vehicle Loan customers. This strategic collaboration aims to bridge the health insurance accessibility gap by leveraging Suryoday Bank’s extensive reach across urban as well as r...
Suryoday Small Finance Bank signs MoU with Magma HDI General Insurance for Health Insurance offering
Suryoday Small Finance Bank signs MoU with Magma HDI General Insurance for Health Insurance offering
Source: PR Agency
2024-04-02 04:15:15 pm
Suryoday Small Finance Bank revises its FD rates in 25-month slabs by 41 basis points. Suryoday Small Finance Bank (SSFB) has revised interest rates on fixed deposits w.e.f March 01, 2024. Interest rates in 25 months tenor was revised by 41 basis points (bps). Following the revision, the bank is now accepting deposits of less than Rs 2 crore maturing in 7 days to 10 years at an interest rate of 4.00 percent to 9.01 percent to the general public and 4.50 percent to 9.25 percent for senior citizen. The best part is that regular customers can now get 9.01 percent interes...
Suryoday Small Finance Bank revises its FD rates in 25-month slabs by 41 basis points.
Suryoday Small Finance Bank revises its FD rates in 25-month slabs by 41 basis points.
Source: PR Agency
2024-03-04 11:15:25 am
Suryoday Reports Robust Q3FY24 Results Net profit jumps four-fold to Rs 57 Crores; a growth of 284% Gross Advances witnessed a 40.5% Net interest income stood at Rs. 245.7 crores as compared to Rs. 183.4 crores, an increase of 33.9% year on year Net tota *Net interest income stood at ?245.7 crores as compared to ?183.4 crores, an increase of 33.9% year on year * Net total income stood at ?297.6 crores as compared to ?209.1 crores, an increase of 42.3% year on year. * Cost of Funds increased to 7.5% compared to 6.7% in Q3 FY23, however, has remained the same on a sequential basis * Cost to income excluding CGFMU expenses stood at 57.3% as compare...
Suryoday Reports Robust Q3FY24 Results Net profit jumps four-fold to Rs 57 Crores; a growth of 284% Gross Advances witnessed a 40.5% Net interest income stood at Rs. 245.7 crores as compared to Rs. 183.4 crores, an increase of 33.9% year on year Net tota
Suryoday Reports Robust Q3FY24 Results Net profit jumps four-fold to Rs 57 Crores; a growth of 284% Gross Advances witnessed a 40.5% Net interest income stood at Rs. 245.7 crores as compared to Rs. 183.4 crores, an increase of 33.9% year on year Net tota
Source: PR Agency
2024-02-09 03:51:20 pm
Suryoday SF Bank Q2FY24 Results-Reports PAT at 50 Crores Growth of 5x NII Rs 445 Crores Advances Crossed Rs. 6,921 Crs * Net interest income stood at ?445.8 crores as compared to ?353.1 crores, an increase of 26.2% year on year * Net total income stood at ?548.5 crores as compared to ?390.8 crores, an increase of 40.4% year on year * Cost of Funds increased to 7.2% compared to 6.6% in H1 FY23 * Cost to income stood at 56.7% as compared to 55.9% in H1 FY23, including CGFMU, Cost to income stood at 61.5% * Pre-Provisioning Operating Profit stood at ?211.4 crores as compared to ?172.5 crores an incre...
Suryoday SF Bank Q2FY24 Results-Reports PAT at 50 Crores Growth of 5x NII Rs 445 Crores Advances Crossed Rs. 6,921 Crs
Suryoday SF Bank Q2FY24 Results-Reports PAT at 50 Crores Growth of 5x NII Rs 445 Crores Advances Crossed Rs. 6,921 Crs
Source: PR Agency
2023-11-10 04:22:23 pm