NBFC co SMFG India gets €91 million loan from Deutsche Bank

SMFG India, a subsidiary of SMFG Japan, has secured a €91 million loan from Deutsche Bank. The loan will be used to finance the company’s operations and business expansion in India. SMFG India, which operates in the financial services sector, plans to use the funds for increasing its market penetration and enhancing its product offerings. The loan is part of the company’s strategy to strengthen its financial position and expand its presence in the Indian market. The partnership with Deutsche Bank highlights the growing interest of international financial institutions in the Indian market, particularly in the wake of India’s strong economic performance and favorable investment climate.