Sumitomo Mitsui Financial Group has infused ₹3,000 crore into SMFG India Credit Company via a rights issue, reinforcing its commitment to the Indian market.

The infusion includes ₹300 crore that would go into its wholly-owned subsidiary SMFG India Home Finance, it said in a statement. 

SMFG India Credit had assets worth ₹49,800 crore under management at the end of September 30, 2024, up 25 per cent on year. In April SMFG had infused ₹1,300 crore, making it the highest ever fund infusion in a single year.

Post this infusion, SMICC’s Capital Adequacy Ratio (CAR) is expected to strengthen further, reinforcing the company’s robust financial foundation.

The investment reflects SMFG’s focus on supporting SMICC’s growth trajectory and enhancing financial inclusion across the nation, SMFG said..