Company Information

Get to know Suryoday Small Finance Bank

Suryoday Small Finance Bank began its journey in 2008 as a Micro Finance Institution (NBFC) named Suryoday Micro Finance. With a mission to promote financial inclusion, it catered to the economically weaker sections of society. On January 23, 2017, it commenced operations as a Small Finance Bank after receiving a license from the Reserve Bank of India (RBI). The bank offers a comprehensive range of banking products, including savings accounts, current accounts, fixed deposits, various loan products (like MFI loans, commercial vehicle loans, and home loans), and digital banking solutions, continuing its focus on serving the unserved and underserved customer base across India.

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Suryoday Small Finance Bank

India

Founded in

2008 (18 Years)

Founded

Last online: No recent activity

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Markets.com

(326 reviews)

United States

2008

(18 years)

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.