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Small Finance Bank Suryoday raises Rs 158 crore

Small Finance Bank Suryoday raises Rs 158 crore

Thursday, March 2, 2017, 4:01 PM

Suryoday Small Finance Bank, today said it has raised Rs 158 crore, taking its net worth to Rs 512 crore. The bank completed Rs 100 crore of rights issuance and subsequently raised Rs 58 crore through a private placement last month, it said in a statement here today. The capital raised would be used to make investments in technology and expand the distribution network
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