Mumbai, Maharashtra, India, August 2025 – SMFG India Credit Co. Ltd. has announced the appointment of Ravi Narayanan as its new Chief Executive Officer, marking a significant leadership transition following Sumitomo Mitsui Financial Group’s complete acquisition of the company. In this role, Narayanan will focus on strengthening asset quality, enhancing profitability, and driving sustainable growth for the NBFC.
Narayanan brings over 25 years of banking experience, having most recently served as Group Executive – Branch Banking, Retail Liabilities, Sales, Premium Banking, Virtual Relationship, and Third-Party Products at Axis Bank. During his tenure, he was also a Nominee Director on the Boards of Axis Direct and Axis Mutual Fund, contributing to strategic governance and business expansion.
Prior to his time at Axis Bank, Narayanan had an illustrious 19-year career at HDFC Bank, where he held the role of Group Head – Branch Banking & Retail Trade FX, overseeing large-scale branch operations, liability product portfolios, and foreign exchange services for retail clients. His leadership played a key role in the bank’s sustained growth and market penetration.
Earlier in his career, Narayanan worked with Bank of America, where he honed his expertise in corporate and retail banking, customer engagement, and operational management. His cross-functional exposure and deep understanding of the Indian financial sector uniquely position him to steer SMFG India Credit through its next phase of growth and transformation.
SMFG India Credit Co. Ltd.
SMFG India Credit Co. Ltd. is a leading NBFC in India, serving more than 3.6 million customers across 843+ branches in 600+ towns and 70,000+ villages. The company offers a diverse portfolio of financial products including SME loans, personal loans, loans against property, commercial vehicle and two-wheeler loans, home improvement loans, and rural livelihood financing. With a renewed vision under the ownership of Sumitomo Mitsui Financial Group, SMFG India Credit remains committed to empowering customers and building lasting relationships based on trust and service excellence.
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