SMFG India credit eyes AUM growth after capital infusion

Sumitomo Mitsui Financial Group has taken full control of its non-banking finance company, SMFG India Credit Co, by increasing its stake to 100% after infusing Rs 1300 crore. The fund infusion has boosted the company's capital adequacy ratio and will support growth in the coming years, according to CEO Shantanu Mitra.


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