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IFMR Capital, a non-banking finance company, has signed an agreement with Sumitomo Mitsui Banking Corporation of Japan to facilitate priority sector investments in India.
Under the agreement, Sumitomo Mitsui will use IFMR Capital’s relationships, product structuring capability, risk management and credit underwriting processes to acquire priority sector assets.
Investor interestThe partnership, according to an IFMR Capital press release, will help in developing interest among Japanese and other investors from the Asia-Pacific region in financially excluded sectors in the country.
IFMR Capital has relationships with more than 100 NBFCs and micro-finance institutions. It acts as a bridge between investors and NBFCs catering to the financially excluded sectors.
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