SMFG India Credit raises USD 175 MN via ECB from Standard Chartered Bank & CTBC Bank
Mumbai, March 25, 2025: SMFG India Credit (SMICC), has successfully raised USD 175 million via External Commercial Borrowing (ECB). The facility has been jointly arranged by Standard Chartered Bank (SCB) and CTBC Bank. SMFG India Credit has fully hedged the facility to mitigate risks associated with foreign exchange and interest rate fluctuations.
The funds will be utilized for lending purposes, reinforcing the company’s commitment to expanding its lending portfolio and supporting customers across various segments.
Mr. Pankaj Malik, Chief Financial Officer, SMFG India Credit, said, “This syndicated loan facility is a testament to SMFG India Credit’s strong financial standing and robust growth outlook. The successful closure of this transaction demonstrates the confidence of global banking partners in our business fundamentals and long-term vision. With this funding, we aim to strengthen our lending capabilities, ensuring greater access to credit for individuals and businesses while maintaining a prudent risk management framework.”
This transaction further solidifies SMFG India Credit’s position as a financially resilient and growth-oriented NBFC, committed to delivering innovative and sustainable financing solutions.
About SMFG India Credit Co. Ltd. (Formerly Fullerton India Credit Co. Ltd.)
SMFG India Credit Co. Ltd. (Formerly Fullerton India Credit Co. Ltd.), a leading NBFC - Investment and Credit Company (NBFC-ICC) registered with the Reserve Bank of India and a wholly owned subsidiary of SMFG, has been operating in India since 2007. Together with its subsidiary, SMFG India Home Finance Co. Ltd. (Formerly Fullerton India Home Finance Co. Lt.) also known as SMFG Grihashakti, the company has established a pan-India presence, across 670+ towns and 70,000+ villages through 1000 branches and 25,000+ employees offering lending products to underserved & unserved retail and small business borrowers. By doing so, it has introduced people to formal credit. SMFG India Credit along with SMFG Grihashakti offers a comprehensive range of lending solutions, including SME financing, commercial vehicle and two-wheeler loans, home loans, home improvement loans, loans against property and shares, personal loans, and rural livelihood advancement loans etc.
About Sumitomo Mitsui Financial Group (SMFG)
SMFG is one of the largest global banking and financial service groups, offering a diverse range of financial services including commercial banking, leasing, securities and consumer finance and is headquartered in Japan. SMFG is listed on the Tokyo and New York (via ADR) Stock Exchanges and has a market capitalization of approximately US$93.5 billion (as of 31th December 2024). SMFG is one of the global systemically important banks (G-SIBs) and has high credit ratings of A1 by Moody’s Investors Service and A- by Standard & Poor’s.
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