Archive · 14 Aug 2025

SMBC-Backed Fund Invests in Shivalik Small Finance Bank

SMBC-Backed Fund Invests in Shivalik Small Finance Bank

A fund backed by SMBC invested money in Shivalik Small Finance Bank, making them a part-owner.

This investment is worth about Rs 60 crore and values the entire bank at Rs 1,200 crore.

Other investors also added money, totaling Rs 100 crore.

The bank plans to use the money to grow its business and improve its technology for customers, especially small businesses and people in rural areas.

The bank's leaders are also thinking about buying other small companies to help them expand faster.

This is the third time the bank has raised money to grow.

Sources