Clinically Bharat

We Can Cover You

Corporates

SMFG India Credit eyes Rs 60k cr AUM by 2024-25, to focus on sustainability | Company News

Email :24

SMFG India Credit

The NBFC will also expand the branch network to expand its reach. | Source: Wikipedia


Sumitomo Mitsui Financial Group (SMFG) India Credit, one of the leading non-banking financial companies, is eyeing assets under management (AUM) to be Rs 60,000 crore by the end of the current financial year 2024-25.


A statement by the company on Tuesday said that in the last fiscal, the total AUM was Rs 45,000 crore.


The NBFC will also expand the branch network to expand its reach.


In the last two years, 300 branches were added, mostly in Tier 2 cities and rural areas. The total number of branches of the NBFC now stands at 1000, the statement said.


The company will focus on sustainable development and inclusive prosperity, it said.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Sep 03 2024 | 4:25 PM IST

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Post