Indian shadow bank SMFG India Credit raises $72m from Japan's SMBC

Indian shadow bank SMFG India Credit raises $72m from Japan's SMBC

FILE PHOTO: A woman walks past a sign board of Sumitomo Mitsui Banking Corporation, part of Sumitomo Mitsui Financial Group Inc (SMFG) outside its branch in Tokyo, Japan, January 27, 2017. REUTERS/Toru Hanai

Anjali Ghodvaidya

10 January, 2024

SMFG India Credit, which is majority-owned by Japan’s Sumitomo Mitsui Financial Group (SMFG), has raised around $72 million in its first Perpetual Debt Instrument (PDI) from Sumitomo Mitsui Banking Corporation (SMBC), Tokyo.

Edited by: Pramod Mathew

Fullerton Financial HoldingsSMFG India CreditSumitomo Mitsui Financial Groupumitomo Mitsui Banking Corporation (SMBC)

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter

You may also like

Read more from India

Nikkei Logo
DealStreetAsia Logo
About Us
Team
Advertise
Contact
Careers
Blog
Privacy Policy
Terms & Conditions
© Copyright DEALSTREETASIA 2014-2025 All rights reserved.