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Image Credit: Bloomberg Quint

Sumitomo Mitsui To Infuse Rs 3,000 Crore Into Indian Subsidiary SMFG India Credit

  • Sumitomo Mitsui Financial Group will infuse Rs 3,000 crore into its Indian subsidiary, SMFG India Credit Co. Ltd.
  • The investment also includes Rs 300 crore allocated to its wholly-owned subsidiary, SMFG India Home Finance Co. Ltd.
  • The total fund infusion for fiscal 2024 amounts to Rs 4,300 crore, marking the highest ever annual capital support since the company's inception.
  • This investment is part of SMFG's focus on supporting SMFG India Credit's growth trajectory and advancing financial inclusion across the country.

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