SMFG Accelerates India Expansion After $5 Billion Buying Blitz

Sumitomo Mitsui Financial Group Inc. is set to quicken its push into India by boosting lending and adding staff, after deploying almost $5 billion to gain ground in one of...

By Taiga Uranaka, Siddhi Nayak, Hideki Suzuki · Bloomberg

Sumitomo Mitsui Financial Group Inc. is set to quicken its push into India by boosting lending and adding staff, after deploying almost $5 billion to gain ground in one of the world’s fastest growing major economies.