Jan 15
SMBC India WOS Marks a New Phase in Foreign Banking Expansion
Japan’s Sumitomo Mitsui Banking Corporation has taken a decisive step in strengthening its footprint in the Indian financial system after receiving the Reserve Bank of India’s in-principle approval to establish a wholly owned subsidiary in the country. The approval allows SMBC India WOS to convert its existing branch operations in India into a full-fledged local banking entity, a move that signals a long-term commitment to the market. The development places SMBC India WOS at the centre of growing foreign interest in India’s banking sector. Also Read :- https://businessmindsmedia.in/smbc-india-wos-marks/