Japan's SMFG puts $350 million into Indian NBFC arm
Mint Bangalore|December 27, 2024
Japan's Sumitomo Mitsui Financial Group (SMFG) has invested an additional ₹3,000 crore, or over $350 million, into SMFG India Credit through a rights issue.
Ajay Ramanathan

Japan's Sumitomo Mitsui Financial Group (SMFG) has invested an additional ₹3,000 crore, or over $350 million, into SMFG India Credit through a rights issue. This investment, which also includes ₹300 crore directed towards its wholly owned subsidiary—SMFG India Home Finance—follows an infusion of ₹1,300 crore in April this year.

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