SMFG India Credit (SMICC) has raised $175 million through an External Commercial Borrowing (ECB) facility 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.
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.”
