Leasing expands in India’s SME market


Sumitomo Mitsui Banking Corporation (SMBC) is to team up with IFMR Capital to offer a range of leasing and financial services to companies in the agriculture and micro, small and medium sized enterprise (MSME) sectors in India. The two companies have signed a memorandum of understanding designed to help IFMR Capital to strengthen its capabilities. […]


SMESumitomo Mitsui Banking Corporation (SMBC) is to team up with IFMR Capital to offer a range of leasing and financial services to companies in the agriculture and micro, small and medium sized enterprise (MSME) sectors in India.

The two companies have signed a memorandum of understanding designed to help IFMR Capital to strengthen its capabilities. IFMR Capital is a non-banking finance company which was established in 2008.

Lending guidelines established by the Reserve Bank of India dictate that banks extend a specified portion of their lending assets to sectors, such as agriculture and MSMEs, which they have classified as a priority.

Source: Asset Finance International

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