Surya Bank Pvt. Ltd.

SURYA BANK PVT. LTD.

SURYA BANK PVT. LTD. was incorporated in the first quarter of the Twentieth Century in Varanasi, by a group of ambitious and enterprising Entrepreneurs. Over the period of time, the Bank with its untiring customer services has earned a lot of trust and goodwill of its customers. The staff and the management of the bank had focused their attention on the customers from the very inceptions of the bank. It is the practice of the bank that its staff members would go out to meet the customers of various walks of life and enquire about their banking requirements on the regular basis. It was due to the bank's strong belief in the need for innovation, delivering the best service and demonstrating responsibility that had helped the bank in growing from strength to strength.

The bank had only 6 branches till 1947. Post-independence, the bank expanded and now has 198 full-fledged branches across the North, North-West and Central India, dotted across the rural, semi-urban and urban areas.

SURYA BANK PVT. LTD. concentrated on its efforts to meet the genuine requirements of the different sectors of business and was forthcoming in giving loans to the needy & weaker sections of the society. The bank also has a sound portfolio of advances consisting of wide basket of retail finance. As a matter of policy, SURYA BANK PVT. LTD. gives loans to a large spectrum of retail businessmen.

In 2011, the bank had a net-profit of Rs. 26.3 crores. The total income of the bank has been steadily increasing over the past one decade from Rs. 188.91 crores in 2000 to Rs. 610.19 crores in 2011. The financial results of the bank are given below:

SURYA BANK FINANCIAL RESULTS

Sl. No. Financial Year Net Profit Total Income Operating Expenses

1 2000 10.24 188.91 35.62

2 2001 5.37 203.28 49.03

3 2002 9.33 240.86 50.97

4 2003 14.92 258.91 97.42

5 2004 17.07 250.07 99.20

6 2005 -20.1 204.19 80.72

7 2006 10.39 237.33 86.68

8 2007 16.55 280.64 96.52

9 2008 33.01 361.51 95.23

10 2009 58.17 486.67 114.74

11 2010 23.92 625.94 194.10

12 2011 26.30 610.19 202.14

SURYA BANK PVT. LTD. is one of the first private sector banks in India to introduce a massive computerization at branch level. The bank adopted modernization and computerization as early as 1990. All its 198 branches are computerized. The bank operates