SMFG India Credit secures $175M loan to expand lending to small businesses and individuals.

SMFG India Credit, a non-banking finance company, secured a $175 million loan from Standard Chartered Bank and CTBC Bank to expand its lending services. The funds will support various loan offerings, including those for small businesses and individuals. The loan, fully hedged to protect against currency and interest rate risks, aims to enhance credit access while maintaining strong risk management.