Suryoday Small Finance Bank Limited
Bandhan Mutual Fund increased its stake in Suryoday Small Finance Bank Limited from 1.53% to 1.63%, purchasing 1,06,000 shares.
A leading small finance bank in India, Suryoday Small Finance Bank provides inclusive financial services to unbanked and underbanked customers across diverse regions. Incorporated in 2008, the company initially operated as a non-banking financial company before transitioning to small finance banking operations in 2017. It remains focused on serving underserved population segments with accessible banking solutions.
Formerly IDFC Mutual Fund, rebranded after Bandhan Financial Holdings acquired IDFC's AMC in 2023. Manages over Rs 1.5 lakh crore. Known for strong debt and liquid funds, plus well-regarded equity offerings including the IDFC-lineage Sterling Value Fund and Focused Equity Fund. One of the cleaner transitions in Indian AMC ownership history.