CEO Ravi Narayanan.
Ravi Narayanan, former group executive of Axis Bank’s retail liabilities, branch banking and products, has been appointed as CEO of SMFG India Credit. This is one of the major changes made by Sumitomo Mitsui Financial Group (SMFG) since acquiring Fulrton’s non-banking Finance Branch in November 2021. One of the financial companies (NBFCs), SMFG India Credit (SMICC), whose AUM is more than Rs 60,000 crore and the customer base is more than 3,000,000.
Please tell that the company has appointed Ravi Narayanan as its new CEO, which will be effective from August 28, 2025. After working in senior leadership positions in Axis Bank and HDFC Bank, Ravi Narayanan has a major experience of over three decades in retail and branch distribution. He has also worked in the board of Axis Securities and Axis Mutual Fund.
What did you say President of SMFG India Credit
President of SMFG India Credit, Rajiv Kannan said that we are happy to appoint Ravi Narayanan as CEO of SMFG India Credit. I am confident that his experience in retail and branch distribution will take SMFG India franchise to the next era of development and create important price for shareholders.
Eager to work with SMFG India
Talking about his new role, Ravi Narayanan, CEO of SMFG India Credit, said that while constructing his strong foundation, I am eager to work closely with dedicated employees of SMFG India to give speed to retail business and deepest the customer connectivity through our branch distribution across the country.
He said that my priority will have to promote permanent development, create strategic partnership and strengthen our risk and compliance culture to provide permanent value for all our stake holders. I am happy to join the SMBC group, which has a legacy of more than 400 years, and who is on a journey to expand its investment in India.
What is SMFG India Credit?
SMFG India Credit Company Limited, a leading NBFC-Investment and Credit Company (NBFC-ICC) has been working in the Reserve Bank of India and Sumitsui Mitsui Financial Group (SMFG) fulfilling a subsidiary in India since 2007, 2007.
Together with its subsidiary, SMFG India Home Finance Company Limited, also known as SMFG House Power, the company has established its presence in 670+ cities and 70,000+ villages through 1005 branches and 25,000+ employees, which provides a short-service (UNDER-Served) and A-Services She does By doing this, it has introduced people to formal loans.
SMFG India Credit with SMFG House Power provides a comprehensive range of loan solutions, including SME finance, commercial vehicle and two -wheeler loans, home loans, home renovation loans, loans, personal loans and rural livelihood advancement loans etc. on property and stocks.
What is Sumitomo Mitsui Financial Group?
Sumitomo Mitsui Financial Group (SMFG) is one of the largest global banking and financial service groups, which provides different types of finance services including commercial banking, leasing, security and consumer finance and is headquartered in Japan.
SMFG is listed in Tokyo and New York (via ADR) stock exchanges and its market capitalization is around 97.5 billion US $ (till 30 June 2025). SMFG is one of the Global Systemly important banks (G-Sibs) and has a high credit rating of A1 by Moody’s Investors Service by Service.