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SMBC carves out India as standalone global vertical
Financial Express Kochi
|February 25, 2026
REFLECTS COUNTRY’S RISING STRATEGIC IMPORTANCE
THE WORLD'S 14TH largest bank, Sumitomo Mitsui Banking Corporation (SMBC), with total assets of $2 trillion, has carved out India as an independent regional division. It is the first time in the bank’s global structure that a single country has been elevated to this status, reflecting India’s rising strategic importance.
Until last year, India was part of the APAC division. Starting FY2026, Tokyo carved out India as a separate regional division, alongside America (US, Canada & South America), EMEA (Europe, Middle East & Africa), and APAC (Asia Pacific).
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