Sumitomo Mitsui Invests ₹1,075 Crore in Indian NBFC SMFG India Credit
Sumitomo Mitsui infuses Rs 1,075 cr into NBFC arm
The Economic Times
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Sumitomo Mitsui Financial Group (SMFG) has invested ₹1,075 crore (approximately $130 million USD) into its Indian non-banking finance subsidiary, SMFG India Credit (SMICC), via a rights issue. This follows a previous investment of ₹3,000 crore in December 2024, reflecting SMFG's commitment to expanding its footprint in India's financial sector.
- 01Sumitomo Mitsui Financial Group invested ₹1,075 crore in SMFG India Credit.
- 02This investment is part of a rights issue to support the NBFC's growth.
- 03SMICC's assets under management reached ₹64,100 crore as of December 31, 2025.
- 04The company disbursed ₹39,500 crore in loans.
- 05SMFG also holds a significant stake in Yes Bank.
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On Friday, Sumitomo Mitsui Financial Group (SMFG) announced an investment of ₹1,075 crore (approximately $130 million USD) into its Indian non-banking finance arm, SMFG India Credit (SMICC), through a rights issue. This follows a previous infusion of ₹3,000 crore in December 2024, indicating SMFG's strategic commitment to enhance its operations in the Indian financial market. As of December 31, 2025, SMICC reported assets under management of ₹64,100 crore and total loan disbursements of ₹39,500 crore. Additionally, SMFG has been active in the Indian banking sector, acquiring a 20% stake in Yes Bank in May 2025 for $1.6 billion, which it later increased to 24.2% in September 2025.
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This investment will bolster SMICC's ability to provide loans, potentially benefiting borrowers and contributing to the growth of the Indian non-banking finance sector.
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