SMFG India Credit Raises $175 Million via ECB from Standard Chartered Bank and CTBC Bank
Mumbai: SMFG India Credit has successfully secured $175 million through an External Commercial Borrowing facility, jointly arranged by Standard Chartered Bank and CTBC Bank.
The company has fully hedged the facility to mitigate risks associated with foreign exchange and interest rate fluctuations. The funds will be utilized for lending purposes, reinforcing SMFG India Credit’s commitment to expanding its lending portfolio and supporting customers across various segments.
According to Pankaj Malik, Chief Financial Officer, SMFG India Credit, “This syndicated loan facility 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 and maintain a prudent risk management framework.”
This transaction solidifies SMFG India Credit’s position as a financially resilient and growth-oriented NBFC, committed to delivering innovative and sustainable financing solutions.
