Business EconomyPosted at: Mar 25 2025 12:31PM


SMFG India Credit raises USD 175 mln via ECB; to expand lending portfolio

Mumbai, Mar 25 (UNI) Non-banking Finance Company SMFG India Credit (SMICC), on Tuesday said it has successfully raised USD 175 million via External Commercial Borrowing (ECB) for expanding its lending portfolio and supporting customers across various segments.
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, it said in a statement.
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.
SMFG India Credit Co. Ltd. (Formerly Fullerton India Credit Co. Ltd.), is RBI-registered NBFC - Investment and Credit Company (NBFC-ICC) and operational in India since 2007.
UNI SKB GNK
Please log in to get detailed story.
Tags: #SMFG India Credit raises USD 175 mln via ECB; to expand lending portfolio
More News

TVS achieves over 4 7 mn unit sales

28 Apr 2025 | 9:19 PM

Chennai, Apr 28 (UNI) Two and three-wheeler makers TVS Motor Company achieved four million unit sales and posted highest ever revenue for the financial year 2024-25 at Rs. 36,251 Crores registering a growth of 14% as against Rs. 31,776 Crores recorded in 2023-24.

see more..

Make in India, Made for the world Hyundai ‘Brand i10’ exceeds 3 mn sales milestone

28 Apr 2025 | 9:03 PM

Chennai, Apr 28 (UNI) Committed to the vision of ‘Make in India, Made for the World,’ passenger
car makers Hyundai Motor India Limited (HMIL) on Monday announced that its brand i10 has
scaled over 3.3 million unit sales in India and export markets.

see more..

AP: SEIL Energy’s Fire Brigade responds to 157 community medical & fire emergencies

28 Apr 2025 | 7:46 PM

Nellore (Andhra Pradesh), Apr 28 (UNI) SEIL Energy India Limited, one of the largest Independent Power Producers (IPP) in India, concluded the National Fire Service Fortnight with a Valedictory Ceremony here on Monday.

see more..

World Bank report says India's progress under PM Modi is extraordinary : Sukanta

28 Apr 2025 | 7:39 PM

Kolkata, Apr 28 (UNI) Union minister Sukanta Majumdar has claimed that under the leadership of Prime Minister Narendra Modi's mission "Atmanirvar Bharat" India has achieved extraordinary progress in poverty reduction, employment growth, and empowerment in the country.

see more..

Kottayam-Kochi Rubber Market Rates

28 Apr 2025 | 6:38 PM

Kottayam, Apr 28(UNI) Following were the Rubber Market rates announced by the Rubber Board here today per quintal.

see more..