SMFG India Credit receives ₹3,000 crore from parent
Financial Express Lucknow|December 27, 2024
JAPANESE MAJOR SUMITOMO Mitsui Financial Group announced on Thursday that it has infused ₹3,000 crore into its Indian NBFC subsidiary, SMFG India Credit Company, via rights issue.
RAGHAV AGGARWAL

Of the total, Rs 300 crore has been directed towards its housing finance subsidiary, SMFG India Home Finance Company.

With another capital infusion round worth Rs 1,400 crore in April, SMFG India Credit Company (SMICC) has received ₹4,300 crore from its Japanese parent so far in 2024-25 – the highest infusion in a year since the company began its India operations in 2007.

Denne historien er fra December 27, 2024-utgaven av Financial Express Lucknow.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra December 27, 2024-utgaven av Financial Express Lucknow.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA FINANCIAL EXPRESS LUCKNOWSe alt
Financial Express Lucknow

In the grey zone

• Meta's fact-check roll-back can upend contextual ads

time-read
3 mins  |
January 24, 2025
Financial Express Lucknow

Cloud, GCCs key digital economy drivers: Meity report

THE CLOUD MARKET and global capability centres (GCCs) are among the fast-growing segments of India's digital economy which is expected to drive a fifth of national GDP by 2030, a report by Meity has said.

time-read
1 min  |
January 24, 2025
Financial Express Lucknow

Call Grows for Action on AI, Reforms

LEADERS FROM VARIOUS countries called for action on artificial intelligence and reforms at the WEF meeting.

time-read
1 min  |
January 24, 2025
Financial Express Lucknow

80% firms struggle to find talent: Survey

Shortage Across Industries

time-read
1 min  |
January 24, 2025
Financial Express Lucknow

Rising competition from global banks may lower pricing on loans: Barclays

A RENEWED PUSH by Japan's major banks and other global lenders in India is driving down loan prices with the new players having more appetite for riskier credit, according to the country head for Barclays Plc.

time-read
1 min  |
January 24, 2025
Financial Express Lucknow

Special fund for MFIs...

The combined loan outstanding of the MFIs stood at around ₹1.7 lakh crore as on March 31, 2024. And 60% of this amount has been lent by large MFIs

time-read
1 min  |
January 24, 2025
Financial Express Lucknow

Kotak Bank Acquires StanChart's ₹3,330-Cr Personal Loan Portfolio

KOTAK MAHINDRA BANK on Thursday said it has completed the acquisition of the ₹3,300-crore personal loan book of Standard Chartered Bank India following regulatory approvals.

time-read
1 min  |
January 24, 2025
Financial Express Lucknow

Grade A warehousing mkt to hit 700 mn sq ft

THE LOGISTICS AND industrial real estate sector saw major growth, with Grade A warehousing in eight cities increasing from 88 million sq. ft in 2019 to 238 million sq ft in 2024 (22% CAGR).

time-read
1 min  |
January 24, 2025
Financial Express Lucknow

Invest in stocks: China to insurers

Stocks Jump After Briefing

time-read
1 min  |
January 24, 2025
Financial Express Lucknow

OpenAI to Indian court: Can't delete ChatGPT training data

'BREACH OF US LEGAL OBLIGATIONS'

time-read
1 min  |
January 24, 2025