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Sumitomo Mitsui Banking Corporation (SMBC) is a Japanese multinational banking and financial services company founded in 87. It is the core unit of Sumitomo Mitsui Financial Group, Inc. Headquartered in Tokyo, Japan, SMBC is the second largest bank in Japan by assets. In April 00, Sakura Bank and Sumitomo Bank merged to form Sumitomo Mitsui Banking Corporation. It operates a network of domestic branches (excluding sub-branches and agencies) and 8 overseas branches (excluding sub-branches and representative offices). SMBC operates in India with a presence in New Delhi and Mumbai. The bank established its branch in New Delhi in March 0, and the Mumbai branch was opened in March 07. Its offices in India are supported by an offshore team in Singapore to serve its clients’ global needs better. The bank also has strategic alliance partners to increase the number of products offered to clients in the country.Sumitomo Mitsui Banking Corporation, together with its subsidiaries, extends a host of financial products and services. The bank deals in deposit taking, lending, securities brokering and trading, securities investment, money transfer, foreign currency exchange, corporate bond trustee and custody, investment trust sale, and other commercial banking activities, as well as handles credit guarantees for housing loans. It also offers loans, credit card, venture capital, monetary assets purchasing, personal loan, investment advisory and trust management, and investment and derivative services.
Loans, Credit card, Venture capital, Monetary assets purchasing, Personal loan, Investment advisory and trust management, Investment