india
SMFG infuses USD 350m into Indian NBFC arm
Sumitomo Mitsui Financial Group (SMFG) has made a significant capital investment of ₹3,000 crore in SMFG India Credit Corporation (SMICC) through a rights issue, demonstrating its strategic commitment to expanding its Indian operations. Of this investment, ₹300 crore has been allocated to its wholly-owned subsidiary, SMFG India Home Finance.