SMBC clinches approval to open branch in Bengaluru, India

This is the Japanese megabank’s fifth branch in the country.

Sumitomo Mitsui Banking Corporation (SMBC) has obtained approval from the Reserve Bank of India (RBI) to commence preparations to open a branch at Bengaluru, India.

The Japanese megabank said that it will undertake the necessary steps to open a branch, subject to approval of Japanese regulatory authorities.

This is SMBC’s fifth branch in the country. Its New Delhi branch first opened doors in March 2013, whilst its latest branch at Gift City began servicing customers in July 2024.

SMBC noted Bengaluru for being a city “known for the automotive industries as well as IT industries.”

“India is a huge market with high economic growth and significant medium to long term growth potential and is a promising destination for Japanese companies and other multinational companies due to its size as a consumer market and sizable working population,” the Japanese bank said in a statement posted on 9 June 2025.

Follow the link for more news on

Sumitomo Mitsui Banking Corporation

Also Read

Hang Seng unveils MTR Jordan Station Retail Banking Centre

Hong Leong Bank unveils Meet @ HLB Branch concept in Semenyih

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit