A WINNING STREAK

Rapid growth in fee income and loans and advances and better performance ratios over the last three years have made Tokyo- headquartered Sumitomo Mitsui Banking Corporation (SMBC) the Best Mid- Size Foreign Bank in India for 2019/20. Having the largest balance sheet in its category, SMBC topped the charts in the category on parameters such as Quality of Assets, Productivity and Efficiency and Capital Adequacy. It was seventh in Quality of Earnings. With balance sheet of ` 24,919.86 crore as on March 31, 2020, the bank has reported decent three-year CAGR in total deposits (19 per cent), loans & advances ( 27 per cent), fee income (156 per cent) and operating profit ( 21 per cent). Set up in March 2013, SMBC is operating through two branches in India, at Delhi and Mumbai.

At the end September 2020, the bank had Tier- I capital ratio of 34.93 per cent and Tier- II capital ratio of 0.72 per cent, taking the total to 35.65 per cent, as against the requirement of 11.331 per cent in all.

Makoto Takashima, President and Chief Executive Officer (Representative Director), promises to make utmost efforts to ensure that SMBC continues to grow while remaining a trusted banking partner, besides delivering on the bank’s values.

The bank had a total funded exposure of ` 17,903.75 crore in India, while its non-funded exposure was ` 5,512.60 crore, at the end of September 2020.