Maharashtra-based Suryoday Small Finance Bank (SSFB) has introduced its operations in Hyderabad with the inauguration of its first branch.
At the launch, Baskar Babu, Managing Director and Chief Executive Officer, Suryoday Small Finance Bank said, “The lender focuses on ensuring financial inclusion of the unbanked and under-banked through innovative banking practices and continues to expand its reach in states where it currently does not have a presence.”
He said that he is happy to launch the bank’s operations in Telangana with the first bank branch in Hyderabad. He also said that the bank will offer the most competitive interest rates on deposits to its customers owing to its robust business model with low operating costs.
The bank has completed two years of its operations as a Small Finance Bank and plans to maintain its healthy book and generate wealth for its customers