SMFG India Credit plans to enter the supply chain finance sector by the third quarter of fiscal year 2027, aiming to diversify its lending portfolio beyond retail. The company announced this strategic move to expand its secured lending offerings and tap into new business financing opportunities, according to CEO Ravi Narayanan.
The rollout of the supply chain finance product is part of SMFG India Credit's broader strategy to strengthen its presence in the secured lending market. CEO Ravi Narayanan stated that the company expects to have the supply chain finance business operational by Q3 FY27, marking a significant expansion from its traditional retail-focused lending activities.
This move aligns with a growing trend among financial institutions in India to diversify lending portfolios and support business ecosystems through supply chain finance. SMFG India Credit's entry into this segment could enhance its competitive positioning amid increasing demand for structured financing solutions. The sector has seen increased activity as companies seek more efficient working capital management tools.
SMFG India Credit's supply chain finance launch is scheduled for Q3 FY27, as confirmed by CEO Ravi Narayanan. This initiative reflects the company's commitment to expanding secured lending and adapting to evolving market needs in India's financial services sector.