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SMFG India Credit (SMICC), a leading non-banking financial company initiated its employee centric initiative, ‘Ek Muthi Chawal’. The initiative allows employees of SMFG India Credit an opportunity to spread festive cheers by donating rice, wheat and pulses which will help feed children and elderly in old age homes for a month. Donations received during this initiative go directly to a partner NGO and are utilised to benefit children and elderly people. The company has set an ambitious target for the 5th edition of Ek Muthi Chawal with the aim to donate 60,000 kg of rice, grains & pulses by over 12,000+ employees across 21 states. The contribution is expected to benefit around 20,000 children providing them essential nutrition for a month. Additionally, personnel from our parent company SMFG are also participating in the initiative as part of their “Shaka Kaichi Day” celebration, where they will donate rice to further enhance the impact of the program.

SMFG India Credit Aims to Support Around 20,000 Children Through its Food Grains Distribution Initiative, ‘Ek Muthi Chawal’

SMFG India Credit (SMICC) has raised $175 million through an external commercial borrowing (ECB) facility and will use the money for lending and expanding its portfolio, it said on Tuesday. The facility was jointly arranged by Standard Chartered Bank and CTBC Bank. SMICC, which was formerly known as Fullerton India Credit, has fully hedged the facility to mitigate risks associated with foreign exchange and interest rate fluctuations. SMICC is a wholly owned subsidiary of Japan-based Sumitomo Mitsui Financial Group (SMFG). Together with its subsidiary, SMFG India Home Finance (formerly Fullerton India Home Finance), it is known as SMFG Grihashakti.

Lender SMFG raises $175 mn through ECB facility on a fully hedged basis

Group AUM grew 25% to Rs 56,989 crore (March 2025), led by LAP (33%) and personal loans (27%), with unsecured loans comprising 52% of the mix. SMHFC’s AUM reached Rs 12,646 crore by H1 2026 (16% annualized growth), primarily driven by housing loans (57%), followed by LAP (33%) and construction finance (10%).


Standalone RoMA was 0.8% (H1 2026) and 1.1% (FY2025). Group PAT reached Rs 442 crore (FY2025) with a 0.8% RoMA, down from Rs 670 crore (FY2024). While high-yield business and competitive borrowing costs—benefiting from SMFG’s global presence—support earnings, the group's ability to boost profitability while managing credit costs is a key monitorable.



The issuer has made timely interest payments.

Deepak Patkar, MD and CEO

The rating is driven by ongoing equity and debt support from SMFG (S&P: ‘A-/Stable’), which maintains strategic oversight via board representation. India remains a priority market where SMFG leverages SMBC for corporate lending and SMICC for retail services to diversify its global clientele.



SMHFC's net worth rose to Rs 1,590 crore by September 2025, supported by a healthy 21.4% CAR. While standalone gearing remains high at 7.2x, the group’s overall net worth is strong at Rs 10,518 crore with a lower 5x gearing. Adhering to a conservative capital policy, the group maintains robust buffers above regulatory requirements

Security Name: 8.10% SMFG India Home Finance Company Limited 24 Oct 2035

ISIN: INE213W08069

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