Sumitomo Mitsui raises $170 mn from offshore investor for Indian NBFC arm

By Ajay Ramanathan

  • 10 Jan 2025
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Shantanu Mitra, CEO & MD, SMFG India Credit

Japanese conglomerate Sumitomo Mitsui Financial Group has raised around $170 million or Rs 1,425 crore from an offshore investor for its local subsidiary SMFG India Credit. The Mumbai-based non-bank lender, formerly known as Fullerton India Credit, is engaged in lending to small and medium-sized enterprises for working capital and growth besides ......

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