Suryoday Small Finance Bank Limited, a small finance bank, focuses on providing microfinance primarily to economically weaker women, while expanding into mortgage loans, commercial vehicle financing, and MSME loans. With a strong footprint across 13 Indian states, the bank emphasizes financial inclusion and has a growing presence in Maharashtra and Tamil Nadu.

The bank has demonstrated significant digital advancement, with digital deposits constituting over 10% of its total liability book, highlighting a shift towards digital banking solutions to increase efficiency and reduce costs.

Suryoday's deposit base witnessed substantial growth, increasing by 35.5% year-on-year to ₹11,991 crore, with a significant shift towards retail deposits, which now make up 86% of the total deposits.

The bank's performance has been robust in expanding its asset base, particularly in Vikas loans and commercial vehicle financing, showing a shift towards more profitable segments with an 18.9% growth in gross advances year-on-year.

Despite improvements in digital and asset expansion, asset quality remains a concern with a GNPA ratio increase from 2.9% to 5.9%, necessitating continued focus on risk management and collection improvements.