SMFG India Credit raises USD 175 MN via ECB from Standard Chartered Bank & CTBC Bank
The facility has been jointly arranged by Standard Chartered Bank (SCB) and CTBC Bank.
Mumbai, March 25, 2025: SMFG India Credit (SMICC), a leading NBFC - Investment and Credit Company (NBFC-ICC) registered with the Reserve Bank of India and a wholly owned subsidiary of SMFG has successfully raised USD 175 million via External Commercial Borrowing (ECB). 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.
The funds will be utilized for lending purposes, reinforcing the company’s commitment to expanding its lending portfolio and supporting customers across various segments.
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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.
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