SMFG India Credit Eyes Rs 60,000 Crore AUM with Branch Expansion

Sumitomo Mitsui Financial Group (SMFG) India Credit is on track to increase its assets under management (AUM) to Rs 60,000 crore by the end of the financial year 2024-25, up from Rs 45,000 crore last year. The company has recently expanded its branch network, adding 300 new branches mostly in Tier 2 cities and rural areas, bringing the total to 1,000 branches. This expansion aims to enhance customer reach and promote financial inclusion. SMFG India Credit is committed to sustainable development and inclusive growth, highlighting its focus on creating a positive impact in the communities it serves.

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SMFG India Credit, a prominent non-banking financial company, is aiming to increase its assets under management (AUM) to Rs 60,000 crore by the end of the 2024-25 financial year. This is a notable increase from last year’s total AUM of Rs 45,000 crore.

In an announcement made on September 3, 2024, the company shared its plans for growth, which include expanding its branch network to better serve a wider customer base. Over the past two years, SMFG India Credit has opened 300 new branches, primarily in Tier 2 cities and rural areas, bringing the total to 1,000 branches nationwide.

The company emphasizes its commitment to sustainable development and inclusive prosperity as it moves forward with its expansion strategy. This growth reflects the company’s dedication to enhancing financial accessibility for customers across diverse regions.

Stay tuned for more updates on SMFG India’s strategic initiatives.

Tags: SMFG India Credit, non-banking financial company, asset management, branch expansion, financial growth, sustainable development, inclusive finance.

1. What does AUM mean in the context of SMFG India?
   AUM stands for Assets Under Management. It refers to the total value of investments managed by SMFG India, which they aim to grow to 60,000 crore rupees by 2024-25.

2. Why is SMFG India focusing on sustainability?
   SMFG India believes that being sustainable is important for the environment and society. They want to support projects that benefit both people and the planet while also making good investments.

3. How will SMFG India achieve their goal of Rs 60,000 crore by 2024-25?
   They plan to achieve this goal by investing in various sustainable projects, attracting more investors, and improving their financial strategies to grow their asset base.

4. What types of sustainable projects is SMFG India interested in?
   SMFG India is looking to invest in projects related to renewable energy, eco-friendly infrastructure, and other initiatives that promote environmental protection and social welfare.

5. How can investors get involved with SMFG India’s sustainable initiatives?
   Investors can participate by investing in the funds managed by SMFG India that focus on sustainable investments. They can also stay informed about new opportunities offered by the company.