Mumbai, September 10, 2024: SMFG India Credit score Co. Ltd., a distinguished participant in India’s Non-Banking Monetary Firm (NBFC) sector, proudly pronounces the opening of its a thousandth department, situated in Vashi, Navi Mumbai. This landmark occasion underscores the corporate’s unwavering dedication to increasing its footprint throughout the nation and bringing monetary providers to underpenetrated markets. To mark this important milestone, SMFG India Credit score has collaborated with India Put up to launch a Particular Cowl & My Stamp. The official unveiling was graced by the presence of Mr. YAGI Koji, Consul-Common of Japan in Mumbai, Mr. Abhijeet Bansode, Director – Postal Providers (HQ) Maharashtra Circle, alongside Mr. Shantanu Mitra, CEO & MD of SMFG India Credit score.
The launch of the a thousandth department is a testomony to SMFG India Credit score’s strategic imaginative and prescient of deepening its presence throughout the massive and various Indian market. Since its inception in 2007, the corporate has constantly pursued progress, evolving right into a Pan-India establishment that now operates in over 670 cities and 70,000+ villages, supported by a workforce exceeding 23,000 staff.
Over the previous two years, SMFG India Credit score has added roughly 300 new branches, with a big 95% of those branches established in Tier-2+ cities and semi-rural areas. This enlargement aligns with the corporate’s mission to increase formal credit score entry to various populations throughout India, empowering them to realize monetary independence.
Reflecting on this momentous event, Mr. Shantanu Mitra, CEO & MD of SMFG India Credit score, acknowledged, “The inauguration of our a thousandth department is a big milestone that demonstrates our deep dedication to offering formal credit score entry to folks throughout India and serving to them obtain monetary independence. As we rejoice this achievement, we’re proud to launch a Particular Cowl with My Stamp in affiliation with Division of Put up, symbolising the importance of the expansion achieved by the corporate to this point and the contributions to India’s monetary providers sector. Our journey has been one in all steady evolution, adapting to the altering wants of our prospects whereas staying true to our mission of enabling entry to monetary providers to all and reaching fulfilled progress”
This milestone not solely highlights the success of the corporate’s progress technique but in addition reaffirms its position as a significant contributor to India’s monetary providers sector. With the inauguration of the a thousandth department, SMFG India Credit score units the stage for additional achievements in its pursuit of turning into the monetary accomplice of alternative for each Indian.
About SMFG India Credit score Co. Ltd. (Previously Fullerton India Credit score Co. Ltd.)
SMICC is registered as an NBFC – Funding and Credit score Firm (NBFC-ICC) with the Reserve Financial institution of India and is a completely owned subsidiary of SMFG. SMICC began its India operations in 2007 and has established a pan India presence, throughout 670+ cities and 70,000+ villages by 820+ branches and 20,000+ staff providing lending merchandise to underserved & unserved retail and small enterprise debtors. By doing so, it has launched folks to formal credit score. SMICC’s main providers represent financing of SME for working capital and progress, loans for business automobiles and two-
wheelers, residence enchancment loans, loans towards property, loans towards shares, private loans, loans for rural livelihood development and financing of varied rural micro enterprises.
About SMFG India Dwelling Finance Co. Ltd. (Previously Fullerton India Dwelling Finance Co. Ltd.)
SMFG Grihashakti is a completely owned subsidiary of SMFG India Credit score. SMFG Grihashakti presents housing loans to salaried and self-employed people together with finance to mid-tier builders. Launched in December 2015 and with its company workplace in Mumbai, SMFG Grihashakti caters to housing finance wants within the reasonably priced housing areas throughout India, working in 175+ areas with over 3000+ staff, having served over 56,000+ prospects until date.
About Sumitomo Mitsui Monetary Group (SMFG)
SMFG is likely one of the largest international banking and monetary service teams, providing a various vary of economic providers together with business banking, leasing, securities and shopper finance and is headquartered in Japan. SMFG is listed on the Tokyo and New York (by way of ADR) Inventory Exchanges and has a market capitalization of roughly US$77.5 billion (as of twenty ninth March 2024). SMFG is likely one of the international systemically vital banks (G-SIBs) and has excessive credit score rankings of A1 by Moody’s Traders Service and A- by Customary & Poor’s.
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