Business
Sumitomo Mitsui infuses Rs 1,075 cr into NBFC arm
Japanese conglomerate Sumitomo Mitsui Financial Group (SMFG) announced on Friday that it has infused ₹1,075 crore into its India-based non-banking finance arm, SMFG India Credit (SMICC), through a rights issue.
The Japanese parent had infused ₹3,000 crore in SMICC via a rights issue in December 2024.
SMICC’s assets under management (AUM) stood at ₹64,100 crore as of December 31, 2025, while disbursements stood at ₹39,500 crore.
SMFG became a major shareholder in Yes Bank, purchasing a 20% stake in May 2025 for $1.6 billion and increasing its holding to 24.2% in September 2025.
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