Suryoday SFB: RBI Approves Remuneration for MD & CEO, Whole-time Director

Suryoday Small Finance Bank Ltd has received approval from the Reserve Bank of India (RBI) for the remuneration of its Managing Director & CEO, Mr. Baskar Babu Ramachandran, and Whole-time Director, Mr. Hemant Shah. This approval, granted via RBI letter dated October 14, 2026, covers variable pay for FY 2025-26 and fixed remuneration for FY 2026-27. The approval follows the shareholders' consent at the 18th Annual General Meeting held on August 06, 2026, and is in accordance with Section 35B of the Banking Regulation Act, 1949. The bank will also update its website with this information.