– The Bank has recently raised capital of Rs. 248 crs , which will be give them a strong backing to pursue their business plans.”
– Offers one of the most competitive deposit rates in the industry. Currently a savings account can get an interest rate of up to 7.25%, and on an FD, the customer can earn up to 9% interest rate.
– For senior citizens, the interest rate offered is 9.5%
– SSFB has a deposit base of Rs. 1,241 crs. The gross loan portfolio is Rs. 2,706 crs, with a YOY growth of over 84%.
Pune , 03 May 2019: Suryoday Small Finance Bank (SSFB), one of the fastest growing small finance banks announced the launch of its flagship branch in Pune The branch was inaugurated by Dr. S. B. Mujumdar, Founder & President , Symbiosis ( Awarded Padma Bhushan and Padma Shri by the President of India ) .
Speaking on the occasion, Mr. Baskar Babu – MD & CEO, Suryoday Small Finance Bank said, “Suryoday Small Finance Bank is focused on ensuring financial inclusion of the un-banked and under-banked through innovative banking practices. We started our journey as a micro finance institution from Pune 10 years ago and are extremely happy to announce the launch of our flagship branch here today. With the launch of this branch we have further strengthened our existing presence in Pune which is a strong forte for the bank. We will offer one the most competitive interest rates on deposits to our customers because of our robust business model with low operating costs”.
He further added “We have completed 2 years of operations as a Small Finance Bank and we plan to continue building a healthy book and generate wealth for our customers. In this financial year, the focus will be to deliver not just excellent customer experience but to create delight factors for all the segments we cater to, through technological initiatives and innovations”
Suryoday Small Finance bank offers one of the most competitive deposit rates in the industry. Currently, a savings account can get an interest rate of up to 7.25%, whereas, on fixed deposits, the customer can earn up to 9% interest rate. For senior citizens, the interest rate offered is 9.5% for 950 days term. The interest on savings account is credited every month.
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