Suryoday Small Finance Bank Ltd Overview
Pro stress-test →Suryoday Small Finance Bank Ltd was incorporated in 2008 and is based in Navi Mumbai, India. The bank operates through Treasury, Retail Banking, Corporate Banking, and Other Banking Operation segments, offering savings and deposit accounts alongside secured and unsecured loans including two-wheeler, commercial vehicle, car loans, micro home loans, MSME loans, and supply chain finance.
Strategic Profile
Pro stress-test →The bank's commercial vehicle finance portfolio grew 36% year-on-year (Q4 2026), and retail deposits strengthened to 86% of total deposits, reflecting a more stable deposit base. Digital initiatives have been successful, with digitally sourced deposits contributing significantly to incremental deposit growth and comprising nearly 30% of deposit accretion (as of Q3 2026).
Competitive Landscape
Pro stress-test →Suryoday competes with regional and international financial institutions including Danske Bank, Grupo Financiero Banorte, BDO Unibank, and Nordea Bank. The bank's focus on financial inclusion and microfinance positions it within India's small finance banking segment, competing against other SFBs and microfinance institutions targeting underbanked populations. Rising funding costs and competitive pressures present margin headwinds (May 2026).
Industry Context
Suryoday Small Finance Bank Ltd operates in Small Finance Banking & Microfinance.
Key facts
Founded: 2008 · Headquarters: Navi Mumbai, India · Revenue: $156M (trailing twelve months as of April 2026) · Market cap: $167M (as of April 2026)