Sumitomo Mitsui Financial Group 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.
91AV原创 second-largest lender has made investments to expand in financial services from retail to wholesale banking in the country, such as a recent landmark deal that made it the biggest shareholder of Yes Bank.
“The key is to continue to support these platforms and scale them up,” Rajeev Kannan, head of its India division, said in an interview.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.