Sumitomo Mitsui Banking infuses $600 million capital, opens branch in Chennai
NEW DELHI: Japanese multinational bank Sumitomo Mitsui Banking Corporation on Wednesday said it will infuse fresh capital of $600 million in its Indian operations in 2020 and also announced the opening of a branch here. In a statement issued here, it said that the Chennai branch will be its third foothold in India after its […]
PNB Housing Finance raises Rs 522 crore via ECB from Sumitomo Mitsui Banking
NEW DELHI: PNB Housing Finance on Tuesday said it has raised fresh equity of Rs 522 crore ($75 million) as external commercial borrowing (ECB) from Sumitomo Mitsui Banking Corporation (SMBC) of Singapore. The ECB is under the Reserve Bank of India’s automatic route of approval and the proceeds will be used by the company as […]