Sumitomo Mitsui Banking Corporation | Photo credit: Issei Kato
Japanese lender Sumitomo Mitsui Banking Corporation has announced a new global offshoring hub in Porur, Chennai. The centre, named SMBC Global Services Private Limited, is expected to be the bank’s first GCC in India and is expected to be operational by the end of this month.
In a recently issued statement, the Japanese bank said it will leverage India’s deep pool of highly qualified IT and finance professionals to support a wide range of the bank’s activities.
“As an engine of global growth, India has structural strengths across multiple dimensions, including demography, digitalization, infrastructure development and industrial diversification. As part of our multi-franchise strategy, SMBC Group has continued to invest in the Indian market, including by acquiring equity stakes in leading local companies,” the statement said.
Meanwhile, TRB Rajaa, Minister of Industry, Investment Promotion and Trade, of the Government of Tamil Nadu met with Rajeev Kannan, Managing Executive Officer and Head of SMBC’s Indian Division and Neeraj Sinha, Co-CEO of SMBC’s Indian Center, to discuss the bank’s expansion and growth plans in Tamil Nadu, according to a report on Guidance Tamil Nadu, the state’s investment promotion agency.
“With access to deep talent, advanced infrastructure and a supportive business environment, Chennai is the perfect base for SMBC’s expansion in India,” the social media post said.
SMBC had announced the opening and commencement of operations at its facility in Bengaluru earlier this month. SMBC’s network in India now includes five offices in New Delhi, Mumbai, Chennai, GIFT City and Bengaluru.
Published on October 24, 2025
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