Search For "sumitomo mitsui"
Foreign firms are gradually being allowed to acquire Indian banks: Jairam
Updated : 7 months, 1 week ago IST
"Foreign firms are gradually being allowed to acquire Indian banks. These imprudent moves pose substantial risks. First, Laxmi Vilas Bank was acquired by Singapore's DBS Group. Second, Catholic Syrian Bank was acquired by Canada's Fairfax. Third, Japan's Sumitomo Mitsui Banking Corporatio
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SBI completes divestment of 13.18% stake in Yes Bank to Japan's SMBC
Updated : 7 months, 4 weeks ago IST
State Bank of India (SBI) on Wednesday announced the successful completion of the divestment of a 13.18% (approximately) stake in Yes Bank Limited (YBL) to Sumitomo Mitsui Banking Corporation (SMBC), the state-owned lender said in a statement.
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India can be key manufacturing hub for Japanese companies amid global tari
Updated : 7 months, 4 weeks ago IST
Japanese companies can look at India as a crucial market to sell their products and also make it a manufacturing base, as the Asian country grapples with tariff barriers, Rajeev Khanna, Managing Executive Director and head of the India division at Sumitomo Mitsui Banking Corporation (SMBC),
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SMFG India Credit Assigned International Rating of A/Stable by CareEdge Gl
Updated : 9 months, 3 weeks ago IST
Mumbai (Maharashtra) [India], August 7: SMFG India Credit (SMICC), a leading non-banking financial company and a wholly-owned subsidiary of Sumitomo Mitsui Financial Group (SMFG), has been assigned a Long-Term Foreign Currency Issuer Rating of 'CareEdge A/Stable' by CareEdge Global. This
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India's deal-making declines in Q2 2025 amid global instability: Report
Updated : 10 months, 3 weeks ago IST
India's deal-making landscape cooled in Q2 2025, with overall deal volumes and values taking a hit amid ongoing global instability, according to Grant Thornton Bharat's latest Dealtracker report.
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Foreign stake in 'YES BANK' could pave way for more foreign participation
Updated : 1 year ago IST
The 20 per cent stake buy by Sumitomo Mitsui Financial Group in 'YES BANK' could pave way for foreign participation in the Indian banking sector says a report by Fitch Ratings. The Reserve Bank of India's (RBI's) approval of YES BANK deal could pave way for similar transactions.
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SBI divests 13.19% stake in Yes Bank to SMBC for Rs 8889 crores
Updated : 1 year ago IST
The State bank of India on Friday announced the divestment of 13.19 per cent of its stake in Yes Bank Limited (YBL) to Sumitomo Mitsui Banking Corporation (SMBC).
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Japan Credit Rating Agency awards SMFG India Credit AA- Rating, 4 Notches
Updated : 1 year, 5 months ago IST
Mumbai (Maharashtra) [India], December 6: SMFG India Credit (SMICC), a wholly-owned subsidiary of Sumitomo Mitsui Financial Group (SMFG), has been awarded an international credit rating of "AA-" with a stable outlook by the Japan Credit Rating Agency (JCR). This exceptional outcome places SM
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MODIFI Secures Strategic Investment from SMBC Asia Rising Fund to fuel Asi
Updated : 1 year, 6 months ago IST
Amsterdam [Netherlands]/ Singapore, November 6: MODIFI, a leading global platform in B2B Buy Now, Pay Later (BNPL) solutions, today announced the successful completion of a USD 15 million funding round led by SMBC Asia Rising Fund with participation from existing investors Maersk, IntesaSanP
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SATYA MicroCapital Limited Secures Rs 500 Cr (USD 60Mn) Debt Funding from
Updated : 1 year, 8 months ago IST
New Delhi [India], September 7: RBI-registered NBFC-MFI SATYA MicroCapital Limited has once again secured Rs 500 Cr (USD 60Mn) from Sumitomo Mitsui Banking Corporation (referred as SMBC hereafter), a renowned Japanese multinational financial services institution under Sumitomo Mitsui Financi
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SATYA MicroCapital Limited Secures Rs 500 Cr (USD 60Mn) Debt Funding from
Updated : 2 years, 8 months ago IST
New Delhi [India], September 30: RBI registered NBFC-MFI, SATYA MicroCapital Limited has successfully raised Rs 500 Cr (USD 60Mn) from Sumitomo Mitsui Banking Corporation which is a Japanese multinational banking financial services institution owned by Sumitomo Mitsui Financial Group, Inc.
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SMFG India Credit Co. Ltd. (Formerly Fullerton India Credit Co. Ltd.) repo
Updated : 2 years, 12 months ago IST
Mumbai (Maharashtra) [India], June 1: The Indian financial sector witnessed a momentous deal in July 2021 when Sumitomo Mitsui Financial Group (SMFG) acquired a 74.9% stake in Fullerton India Credit Co. Ltd. from Fullerton Financial Holdings Pte. Ltd. The deal was concluded in November 2021.
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