Suryoday Small Finance Bank Limited which formally launched its operations on January 23, 2017 is formulating plans for stock exchange listing in 2020. The bank is now raising INR100 crore via rights issue to increase its net worth from the present INR 350 crore to INR 450 crore. The banks existing institutional investors who will be participating in the rights issue include HDFC Holdings, HDFC Life, HDFC Ltd, IDFC Bank and International Finance Corporation among others.