Suryoday Small Finance Bank started with 10 branches in Maharashtra and Andhra Pradesh in the year 2009 with 1500 active customers and a gross loan profile of 11 crores. By the year 2013 these numbers grew to 46 branches and 1,52,000 customers. They received in-principle license from RBI to operate as a small finance bank in August 2016 and finally in 2017 they started operations as Suryoday Small Finance Bank after receiving final license from RBI.