Sumitomo Mitsui Financial Group (SMFG) on Wednesday said it has completed the purchase of a 74.9 per cent stake in Fullerton India Credit Company (Fullerton India) from Fullerton Financial Holdings (F...

Sumitomo Mitsui Financial Group (SMFG), Japan’s second largest lender, is acquiring a 74.9 per cent stake in Fullerton India Credit Company (FICC) for $2 billion. A non-banking finance company ...

Fullerton India, a step-down subsidiary of Singapore’s Temasek Holdings, is planning to tap the credit appetite of rural Bengal by expanding business in the state.The non-bank finance company is loo...