SMFG India Credit receives ₹3,000 crore from parent
Financial Express Kolkata|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.

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