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Executive Movements

Suryoday Small Finance Bank appoints Hemant Shah to its Board

Suryoday Small Finance Bank (SSFB), one of the leading new-age digital bank in India, announced the appointment of 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 […]

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Executive Movements

Vishal Singh resigns as CIO of Suryoday Small Finance Bank

Suryoday Small Finance Bank Limited (SSFB), one of India’s leading small finance bank, announced the resignation of Vishal Singh as Chief Information Officer of the Bank, with effect from March 15, 2024. According to the Bank’s exchange filing, “Pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing […]

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Executive Movements

Suryoday Small Finance Bank appoints Krishna Prasad Nair as Part-time Chairman

Suryoday Small Finance Bank Limited, one of India’s leading small finance bank, announced the appointment of Krishna Prasad Nair as Non-Executive Part-time Chairman, with effect from November 1, 2023. According to the Bank’s exchange filing, “In continuation to our letter dated September 24, 2023, we would like to inform that the RBI vide its Letter […]

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Executive Movements

Suryoday Small Finance Bank re-appoints Baskar Babu Ramachandran as MD & CEO

Suryoday Small Finance Bank Limited announced the re-appointment of Baskar Babu Ramachandran as Managing Director and Chief Executive Officer of the Bank, with effect from January 23, 2023. According to the company’s exchange filing, “we would like to inform that the Reserve Bank of India vide its letter dated December 26, 2022, has approved the […]

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Investment

Suryoday Small Finance Bank raises Rs 62.14 cr equity funding from existing investors

Suryoday Small Finance Bank (SSFB), a Mumbai-based Non-Banking Finance Company, announced that it has closed an equity funding worth Rs 62.14 crore from existing investors including Gaja Capital, Kotak Life, Lok Capital, TIAA, and Kiran Vyapar.  The company will use the current financing to boost expansion. It has plans to expand to 100 branches within […]