Japan bank SMFG dives deeper into digital finance with SBI deal

TOKYO – Sumitomo Mitsui Financial Group aims to overhaul digital banking and investment services, and capture a new generation of clients, through its new partnership with top Japanese online brokerage SBI Holdings. By entering into the capital and business alliance, announced Thursday, SMFG looks to tear down barriers within the group and offer integrated services … Read more

ADIA to buy 20% in IIFL Home Finance, largest such investment in the space

Sovereign wealth fund Abu Dhabi Investment Authority (ADIA) will buy a 20% stake in IIFL Home Finance for ₹ 2,200 crore, valuing the mortgage lender at Rs 11,000 crore. This will be the largest equity investment in India’s affordable housing finance segment by a financial investor. IIFL Home Finance, a wholly owned subsidiary of, proposes … Read more